Falls River Bank receives a check drawn on the account of Get-Rich Industries, Inc., one of the bank's customers, at 3 p.m. Friday. Hildy, the presenter of the check, is not one of the bank's customers. The bank uses deferred posting with a 2 p.m. cutoff hour. If it decides to dishonor the check, it must do so by midnight
A)Saturday.
B)Sunday.
C)Monday.
D)Wednesday.

Question

Quizplus · Accepted Answer

The Answer of Falls River Bank receives a check drawn on the account of Get-Rich Industries, Inc., one of the bank's customers, at 3 p.m. Friday. Hildy, the presenter of the check, is not one of the bank's customers. The bank uses deferred posting with a 2 p.m. cutoff hour. If it decides to dishonor the check, it must do so by midnight
A)Saturday.
B)Sunday.
C)Monday.
D)Wednesday.

Falls River Bank Receives a Check Drawn on the Account