Which of the following statements describes a check?
A) The drawer is always a bank.
B) The maker is always a bank.
C) A check is generally payable on demand.
D) A check is a particular kind of note.
Correct Answer:
Verified
Q22: An oral stop payment order is binding
Q23: Ordinarily, the drawee bank is liable to
Q24: All of the following are correct concerning
Q25: A bank will not be liable for
Q26: Harvey issued a check to AgribizCo and,
Q28: Certification of a check at the request
Q29: A consumer who notifies the issuer of
Q30: A written stop payment order or confirmation
Q31: Morris issued a check to Al in
Q32: A forged endorsement must be reported within
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