When a payee or holder receives a check,he or she can either go to the payer bank and present the check for payment in cash,or deposit the check into the depository bank.
Correct Answer:
Verified
Q43: If a bank does not honor a
Q44: When a bank wrongfully dishonors a check,both
Q45: If the same wrongdoer engages in a
Q46: Written stop-payment orders are renewable for 90-day
Q47: The Uniform Commercial Code places the risk
Q49: A forged check is never "properly payable."
Q50: If a bank pays a check with
Q51: The collection process is governed by Article
Q52: A banking day is any day that
Q53: Banks cannot charge interest on the overdrafts
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents