
Shirlene has been declared incompetent by a court.Her bank:
A) may continue to pay her checks until it has received notice that a court has determined her to be incompetent.
B) must itself make a determination of her competence.
C) is not liable if it pays her checks since it has contractual obligations to pay her checks as long as she has an account and there are sufficient funds in the account to cover the checks.
D) is liable only for reasonable check amounts written by Shirlene.
Correct Answer:
Verified
Q24: Issam and James planned to spend spring
Q25: Elian wrote a $5000 check payable to
Q26: A payor bank is:
A)the same bank as
Q27: If a bank is presented with four
Q28: A nonconsumer wire transfer is a type
Q30: Without notifying his bank,Shabah wrote a postdated
Q31: Brandon owes Sadie $50.Brandon naively signs a
Q32: In the case Kruser v.Bank of America,the
Q33: In the Seigel v.Merrill Lynch,Pierce,Fenner & Smith,Inc.case,the
Q34: Yvette received her bank statement on Monday.On
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents