Simplex Wholesalers,Inc. ,asks Theta Purchasing Com?pany to pay for goods with a certified check.A cer?tified check
A)cannot be forged.
B)does not discharge its drawer from liability.
C)does not discharge prior indorsers from liability.
D)is guaranteed by a bank.

Question

Quizplus · Accepted Answer

A certified check is a personal check that has been guaranteed by the issuing bank. The bank has verified that the account has sufficient funds to cover the check and has set aside those funds to make sure the check will clear. This makes the check more secure and reliable than a regular personal check.