First Bank has determined that 2:00 p.m.is the cutoff hour for handling checks,and that all checks received after this deadline will be posted to the customer's account the following day.Ronald,an attorney,is irate about the bank's policy and tells the clerk that its policy violates the UCC.Is he correct?

Question

Quizplus · Accepted Answer

A)The UCC allows banks to establish cutoff hours for making entries on their books.For example,a bank may determine that 2 p.m.or later is the cutoff hour for handling checks UCC 4-108).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.
B)The UCC allows banks to establish cutoff hours for making entries on their books.For example,a bank may determine that 2 p.m.or later is the cutoff hour for handling checks UCC 4-108).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.
C)The UCC allows banks to establish cutoff hours for making entries on their books.For example,a bank may determine that 2 p.m.or later is the cutoff hour for handling checks UCC 4-108).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.
D)The UCC allows banks to establish cutoff hours for making entries on their books.For example,a bank may determine that 2 p.m.or later is the cutoff hour for handling checks UCC 4-108).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.
E)The UCC allows banks to establish cutoff hours for making entries on their books.For example,a bank may determine that 2 p.m.or later is the cutoff hour for handling checks UCC 4-108).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.
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Topic: Accepting Deposits

First Bank Has Determined That 2:00 P