Postdated check: Liability and presentment
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What steps must a drawer take in order to make a bank liable for paying a postdated check? 1. write the check with a date at some point in the future 2. notify the drawee bank about the the postdated check with a reasonably certain description of the check. 3. the actions in choices A and B are both required. 4. The actions in choices A, B, and C are all required
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Solution Summary
The solution answers a question related to liability of drawer and drawee and also concept of presentment of a check
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What steps must a drawer take in order to make a bank liable for paying a postdated check?
Answer
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Drawer (writer of check) of the postdated check must do the following things
1. Write the check with a ...
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