Solved

Did the Bank Properly Dishonor the Check to Rhea

Question 85

Multiple Choice

Did the bank properly dishonor the check to Rhea?


A) Yes,because Rhea's check was presented for payment after Jerome died,thus the check is nonpayable.
B) The bank bears no responsibility when the customer dies.
C) No,the bank is responsible for the check because Jerome died.
D) No,the funds must be paid to Rhea by the bank,regardless of whether or not Jerome died.
E) Yes,because it was Rhea's responsibility to notify the bank that Jerome had died.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents