____________ is an agent or a subagent of the owner of an item; agency terminates when it receives payment for an item in finally collected funds and makes the proceeds available to the sender, and the time for commencing all actions against it has expired.

Question

Quizplus · Accepted Answer

The Reserve Bank acts as an agent or subagent of the owner of an item, and its agency terminates when it receives payment in finally collected funds, makes the proceeds available to the sender, and the time for commencing all actions against it has expired.

____________ Is an Agent or a Subagent of the Owner