Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
2 Cards in this Set
- Front
- Back
Indorsement liability
|
There is no indorsement liability when a check has been honored because indorser liability is only triggered in the case of dishonor
|
|
Note
|
If a check has been paid/honored, you need not discuss indorser liability! IF you do mention it, you should mention that it is not relevant since the check has been honored.
|