A bank may determine that ________ or later is the cutoff hour for handling checks.
A)noon
B)1:00 p.m.
C)2:00 p.m.
D)12:30 p.m.
E)10:00 a.m.

Question

Quizplus · Accepted Answer

According to Uniform Commercial Code Section 4-108,a bank may determine that 2:00 p.m.or later is the cutoff hour for handling checks.If the bank receives a check after this deadline,the bank will defer posting this check to its customer's account until the next day.

A Bank May Determine That ________ or Later Is the Cutoff