On May 5, Alston issued a $150 check to Mauch. Three days later, on May 8, Alston died. Mauch presented the check to the bank for payment on May 10. The bank knew of Alston's death but paid the $150 to Mauch. Was the bank's action legal?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q37: A check drawn on the bank's own
Q38: A(n) _ check is one that is
Q39: Traveler's checks are
A) issued in set denominations.
B)
Q40: Renee made out a check payable to
Q41: The _ enables depositors to transfer money
Q43: Willis signed a blank check and left
Q44: What is a major feature of the
Q45: A(n) _ is a type of cashier's
Q46: Braun issued a $35 check to Rice.
Q47: _ refers to the amount of time
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