An overdraft occurs when a
A) bank allows a customer to write checks for more than the amount of money on deposit.
B) customer writes a bad check.
C) bank cashes a check that is more than three months old.
D) bank cashes a check dated after the actual date of issue.
Correct Answer:
Verified
Q2: One type of relationship between a bank
Q3: An oral stop-payment order is effective for
Q4: A postdated check is unenforceable.
Q5: When a depositor dies, the authority of
Q6: A bank is required to honor all
Q7: A bank may refuse to pay a
Q8: A check more than six months old
Q9: A depositor has the right to stop
Q10: If the payee or a holder has
Q11: The drawer of a certified check cannot
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