When two or more checks are presented to a bank for payment at the same time, and the depositor's account is insufficient to pay them all, the bank may
A) declare all the checks automatically void.
B) pay the checks in any order until the funds in the depositor's account run out.
C) declare all the checks stale checks.
D) all of these.
Correct Answer:
Verified
Q10: If the payee or a holder has
Q11: The drawer of a certified check cannot
Q12: Giving a postdated check does not constitute
Q13: A check that is more than six
Q14: If a bank wrongfully dishonors a depositor's
Q16: Marsh, without fraudulent intent, wrote a check
Q17: The Electronic Funds Transfer System (EFTS) allows
Q18: By using checks, a business has
A) no
Q19: A depositor who writes a bad check
Q20: A bank is absolutely liable to the
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