Kentle Bank decides to not honor a United Manufacturing check issued to Joe, an employee, which he cashed at the bank. Kentle Bank must notify Joe by midnight of the next banking day.

Question

Quizplus · Accepted Answer

If the check is dishonored, the holder then must notify the indorser(s) of the dishonor. If the holder is a bank, notice must be given by midnight of the next banking day. Holders other than banks must give notice within 30 days after the dishonor.

Kentle Bank Decides to Not Honor a United Manufacturing Check