Fact Pattern 25-2 (Questions 27-28 apply)
Tom draws a check,on his account in State Bank in New York,payable to Digital Media,Inc.,in San Francisco.Digital deposits the check in its ac?count at First National Bank.
-Refer to Fact Pattern 25-2. Digital's bank is
A) the cashing bank.
B) the depositary bank.
C) the intermediary bank.
D) the payor bank.
Correct Answer:
Verified
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Tom draws
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