When a customer opens a checking account at a bank,the customer impliedly agrees to keep sufficient funds in the account to pay any checks written against it.
Correct Answer:
Verified
Q30: A check is a certified check when
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
Q36: The purchaser of a cashier's check is
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.
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