When a court determines a person is incompetent,the bank has the right to pay the checks of the incompetent person until:
A)it is notified in writing.
B)it is notified of the court's determination.
C)it is notified by the guardian.
D)there are no longer sufficient funds in the account.

Question

Quizplus · Accepted Answer

The bank has the right to pay the checks of an incompetent person until it has notice that a court has determined that the person is incompetent.Once the bank learns of this fact,it loses its authority to pay that person's checks-because the depositor is not competent to issue instructions to pay.

When a Court Determines a Person Is Incompetent,the Bank Has