Lance writes Martin a check drawn on Lincoln Bank. Martin presents the check for payment at Lincoln Bank in a timely and proper manner. Lincoln refuses to pay. As a legal matter:

a. Martin has dishonored the check.

b. Lincoln has dishonored the check.

c. Lincoln has warranted the check.

d. Martin has become secondarily liable on the check.

Question

Social Studies

Devan

30 December, 09:25

Lance writes Martin a check drawn on Lincoln Bank. Martin presents the check for payment at Lincoln Bank in a timely and proper manner. Lincoln refuses to pay. As a legal matter:

a. Martin has dishonored the check.

b. Lincoln has dishonored the check.

c. Lincoln has warranted the check.

d. Martin has become secondarily liable on the check.

+2

Answers (1)

Know the Answer?

Madison · Answer 1

The correct answer is B. Lincoln has dishonored the check.

Explanation:

Lance writes Martin a check drawn on Lincoln Bank. Martin presents the check for payment at Lincoln Bank in a timely and proper manner. Lincoln refuses to pay. As a legal matter, Lincoln has dishonored the check that is Lincoln Bank dishonored the check when it refused to cash it.