Doug takes a $500 check drawn by Gail to Gail's drawee bank to cash it.Gail has over $10,000 on deposit in her account.If her bank refuses to pay Doug:
A) Doug can sue the bank and demand payment.
B) the bank has incurred a liability to Gail for its improper refusal to pay the check.
C) if the check is over 30 days old, the bank has a right to refuse payment.
D) All of these.
Correct Answer:
Verified
Q19: If a depositor in First Bank takes
Q21: Sylvia draws a check on ABC Bank
Q23: ABC Bank sent Joanne, a depositor, her
Q25: For how long is a written stop
Q26: Which of the following is true of
Q27: An oral stop payment order is binding
Q27: An association of banks and other payors
Q29: A written stop payment order is effective
Q34: The Check Clearing for the 21st Century
Q39: Under Revised Article 4, if a bank
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