When a bank certifies a check, the bank is agreeing in advance to accept the check when it is presented for payment and to make payment with funds reserved for the purpose.
Correct Answer:
Verified
Q1: If a bank's payment over a stop-payment
Q2: When a bank draws a check on
Q3: A bank may contractually shift to its
Q5: Because issuing banks must honor cashier's checks
Q6: A bank must re-credit a customer's account
Q7: When a customer makes a deposit into
Q8: If a bank pays a stale check
Q9: A bank is not obligated to pay
Q10: Payments via phones and other mobile devices
Q11: If any financial institution, such as a
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