Which of the following is NOT a duty of a collecting bank in the collection process?
A) Duty of care.
B) Duty to act in a timely manner.
C) Duty to honor a valid stop payment order.
D) Duty to honor a restrictive endorsement.
Correct Answer:
Verified
Q43: Helen deposits a $50 check in her
Q44: A payment order for a wholesale funds
Q45: Which of the following is correct with
Q46: Which of the following is true about
Q47: If Margie makes out a check for
Q49: On April 6, Ellen sends a check
Q50: A system for electronic funds transfers (EFT)
Q51: Which warranties does a collecting bank give?
A)
Q52: Which of the following is true with
Q53: An objective of the Check 21 Act
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