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1 September, 02:30

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.

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  1. 1 September, 02:33
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    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.
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