Time to bring action against a Reserve Bank:
A) Claims against Reserve Banks for failure to act in good faith or exercise ordinary care must be brought within two years
B) Claims against Reserve Banks for warranties given on electronic items that are not substitute checks must be brought within one year
C) Claims against Reserve Banks for guarantees given on electronic items that are not substitute checks must be brought within one year
D) Claims against Reserve Banks for failure to act in good faith or exercise ordinary care must be brought within three years
Correct Answer:
Verified
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Q180: While Presenting items for payment:
A) A Reserve
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