A payor bank is under an obligation to pay an uncertified check that is nine months old.
Correct Answer:
Verified
Q1: Consumer electronic funds transfers are covered by
Q3: If a depositor in First Bank takes
Q4: The relationship between the payor bank and
Q5: Banking and the collection process of checks
Q11: Point of sale systems permit customers to
Q12: Each provisional settlement made in the collection
Q14: Under Article 3 of the Code,collecting banks
Q17: In most cases,the collecting bank is the
Q18: If a bank pays on a check
Q20: If a payor bank gives the provisional
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