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Talia, Who Is Not an Urban Bank Customer, Attempts to Cash

Question 71

Multiple Choice

Talia, who is not an Urban Bank customer, attempts to cash a check drawn on the bank. The check is considered dishonored if Urban Bank


A) refuses to pay it.
B) charges a fee to cash it.
C) asks Talia for reasonable identification.
D) asks Talia to sign a receipt for the payment on the check.Fact Pattern 14-2 LNG Corporation and Midstates Utility Company enter a contract for a sale of liquefied natural gas by LNG to Midstates.LNG draws a draft unconditionally ordering Midstates Utility to pay $50,000 to LNG's order in sixty days.Midstates Utility signs and dates the draft.

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