A depositor is not responsible or liable to the bank for items deposited that are not honored when presented for payment.

Name: A depositor is not responsible or liable to the bank for items deposited that are not honored when presented for payment.
Brand: Quizplus
Rating: 5.0 (48 reviews)

Question

Quizplus · Accepted Answer

The depositor is responsible for any items they deposit into their account that are not honored or are returned unpaid, and the bank may charge the depositor's account for such items.

A Depositor Is Not Responsible or Liable to the Bank