What is the effect of a payor bank's dishonor of a check?
A) It returns the check.
B) The provisional credits must be reversed.
C) The customer who deposited the item for collection must cover the item and seek recovery from the drawer or indorsers.
D) All of the above will occur.
Correct Answer:
Verified
Q2: Match the following:
a.The sender of a payment
Q20: Match the following:
a.The sender of a payment
Q48: Which of the following is true about
Q49: Helen deposits a $50 check in her
Q52: Which warranties does a collecting bank give?
A)
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
Q57: Which of the following is true of
Q60: If Margie makes out a check for
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