Solution-Is he liable as an indorser why or why not

Is he liable as an indorser why or why not

Reference no: EM131015516

The defendant received a check drawn on plaintiff's bank. The defendant endorsed the check and received payment from his bank. That bank sent the check for collection to the plaintiff's bank, and the check was honored. Several days later, the bank discovered that the drawer of the check did not have an account and that it had mistakenly charged the check to another of it's customers. Plaintiff then sought to recover from defendant as an indorser. He contended that the check had not been dishonored within the time allowed by law. Is he liable as an indorser? Why or why not?

Can you please go into detail as the wording of this question throws me off a little bit.

Reference no: EM131015516

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Is he liable as an indorser why or why not

Reference no: EM131015516

Reference no: EM131015516

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