Question

Who is generally held liable for violating the bouncing checks law?

a) Only the issuer of the check
b) Only the payee of the check
c) Both the issuer and the payee
d) None of the above

Answer 1

The issuer of the check is generally held liable for violating the bouncing checks law, as they are responsible for ensuring there are enough funds in their account to cover the check. The liability for violating the bouncing checks law typically falls on the issuer of the check. Therefore, the correct answer is:a) Only the issuer of the check

Step-by-step explanation:

The individual who is generally held liable for violating the bouncing checks law is a) Only the issuer of the check. This is because the issuer is the person who wrote and signed the check, and they have the responsibility to ensure there are sufficient funds in their account to cover the amount of the check. If the check bounces due to insufficient funds or a closed account, the issuer is the one who has failed to fulfill the financial obligation promised by the check. The payee, who is the individual or entity to whom the check is made out, is typically not held responsible, as they cannot control the issuer's bank account balance.