Luc writes a check for $1,000 drawn on Ridgetop Bank and presents it to Bianca. Bianca presents the check for payment to Ridgetop Bank, which dishonors it for insufficient funds. The party most likely liable to Bianca is

Question

Koen Pham

Business

28 November, 04:55

Luc writes a check for $1,000 drawn on Ridgetop Bank and presents it to Bianca. Bianca presents the check for payment to Ridgetop Bank, which dishonors it for insufficient funds. The party most likely liable to Bianca is

+5

Answers (1)

Know the Answer?

Zion Franklin · Answer 1

Options:

A. Luc in a civil suit.

B. Luc in a criminal prosecution.

C. Ridgetop Bank in an administrative proceeding.

D. neither Luc nor Ridgetop Bank

Answer:B. Luc in a criminal prosecution.

Explanation: A check or cheque is an order contained in a specially printed document provided by a bank to its customers to enable them withdraw or pay certain amount to a person or an organisation.

Luc is the party most liable to Bianca for writing a bad check (a check which the writer's bank didn't honour especially due to the fault of the writer). In this scenerio, Luc wrote a bad check to Bianca because the he has an insufficient balance to pay the check in his account.