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Question
Walt draws a check for $1,500 on Town Bank. The check is made payable to the order of Stephanie. Stephanie endorses and sells the check to Nita. At Nita's request, Town Bank certifies the check. Which of the following is a true statement?
A. Stephanie is secondarily liable.
B. Walt is secondarily liable.
C. Town Bank is primarily liable.
D. Walt is primarily liable.
Answer
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Related questions
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B. allows only the U.S. attorney general to sue for injunctive relief or the seizure of products to enforce various provisions of the act.
C. permits any private party to sue for an injunction to enforce any CPSC rule or order, if, at the time of the suit, the commission or the attorney general has begun an action based on the alleged violation.
D. allows those injured because of a knowing and willful violation of a CPSC rule or order to sue for damages if the amount in controversy exceeds $100,000.
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A. firearms
B. drugs
C. cosmetics
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A. alters statutes of limitations or other state-created limitations on the consumer's enforcement of claims and defenses.
B. states that all defenses available to the purchaser against the seller can also be available against the holder in due course.
C. eliminates rights that the consumer may have as a matter of federal, state, or local law.
D. creates a warranty claim or defense where the product is sold "as is."
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The Equal Credit Opportunity Act:
A. is designed to protect consumers from unfair or inaccurate credit reporting.
B. requires online ads for free credit reports to disclose whether the consumer must buy credit monitoring or other products or services to get the report.
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A. coinsurance clause
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D. is a draft drawn by a bank on another bank or payable at or through a bank.