A principal-agent relationship is formed between a customer and the bank if a deposit is a check that the bank must collect for the customer.
Correct Answer:
Verified
Q2: When a bank certifies a check,it agrees
Q3: A check is a note in which
Q4: As a holder,the payee of a check
Q5: With a certified check,the certification expires when
Q6: Uniform Commercial Code Section 3-104(f)defines a check
Q7: The Dodd-Frank Wall Street Reform and Consumer
Q8: A check can be indorsed multiple times
Q9: The issuing bank serves as both the
Q10: When a check is certified,the certification acts
Q11: The drawer is the bank on which
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