If Margie makes out a check for $27.50 when she has only $10 in her account, her bank may:
A) refuse to pay the check.
B) pay the check.
C) bill Margie for $17.50 and service charge.
D) Any of the above.
Correct Answer:
Verified
Q2: Match the following:
a.The sender of a payment
Q20: Match the following:
a.The sender of a payment
Q52: The first bank to receive a check
Q52: An objective of the Check 21 Act
Q55: What are a payor bank's rights to
Q56: A preauthorized electronic transfer from a consumer's
Q56: If Ben Stewart has a checking account
Q58: The Electronic Funds Transfer Act governs:
A)consumer electronic
Q61: UCC Article 4A:
A)is designed to overlap coverage
Q62: Which warranties does a collecting bank give?
A)Warranty
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