https://www.topgradeaccountants.com/wp-content/uploads/2020/07/LOGO-TG1.png 0 0 milton https://www.topgradeaccountants.com/wp-content/uploads/2020/07/LOGO-TG1.png milton2020-09-17 15:46:052020-09-17 15:46:05Tammy Ford wrote a check for $4,000. Payable to Bettyâ??s Boutique, L.L.C. Tammy gave the check to B
Tammy Ford wrote a check for $4,000. Payable to Bettyâ€™s Boutique, L.L.C. Tammy gave the check to Betty, one of the owners of the boutique. Betty and her partner Heather each indorsed the check in blank and deposited to Heatherâ€™s personal checking account in First National Bank which gave Heather credit for the deposit. When First National presented the check for payment to Tammyâ€™s bank (the drawee), it was dishonored for insufficient funds. In the meantime, Heatherâ€™s account at First National had been depleted. First National then demanded that Betty and Heather must repay the bank for the value of the check which was withdrawn.Question: Are Betty and Heather liable to First National Bank for the $4,000 check?