Which of the following is true of a bad-check statute?
A) The payee does not have the obligation of informing the drawer of the nonpayment of the check.
B) Bad-check statutes are effectively used as a means of collection.
C) The payee can prosecute the drawer immediately after being notified of a bad check by the drawee bank.
D) The drawee bank can prosecute the payee in case of dishonor of a check.
Correct Answer:
Verified
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