The duty of care exercised by a collecting bank in handling an item transferred to it for collection does not include:

Question

Quizplus · Accepted Answer

All the options listed (acting within a reasonable time after receipt of the bank item, taking care in routing, selecting intermediary banks, and presenting the item) are indeed duties of care that a collecting bank must exercise in handling an item transferred to it for collection.

The Duty of Care Exercised by a Collecting Bank in Handling