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Greg prepares a check to Holly that is drawn on his account at First National Bank. Holly presents the check to the bank for payment, and the bank accepts the check. The bank is:

a. primarily liable for payment.

b. simultaneously liable for payment.

c. not liable for payment.

d. secondarily liable for payment.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M993284

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