The purchaser of a cashier's check is not required to have a checking account at the issuing bank.
Correct Answer:
Verified
Q31: Banks are liable for any damages caused
Q32: When a cashier's check is presented for
Q33: Certified checks can be stopped by the
Q34: A check that has been outstanding for
Q35: When a customer opens a checking account
Q37: Only the drawer can order a stop-payment
Q38: Under UCC 4-401(c),to require a bank to
Q39: A cashier's check is a cancellable,non-negotiable instrument
Q40: Certified checks never become stale.
Q41: Federal currency reporting laws require financial institutions
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