A bank's failure to pay a cheque without good reason would render the bank liable to:
A) The customer and drawer.
B) The Australian Securities and Investments Commission.
C) The presenter of the cheque.
D) All of the above.
Correct Answer:
Verified
Q17: An instrument that does not comply with
Q18: A bill or cheque payable to order
Q19: Which of the following is NOT one
Q20: A person taking a negotiable instrument does
Q21: The use of cheques has dropped from
Q23: What is a cheque?
Q24: Adam writes a cheque in favour of
Q25: A person who has taken a cheque
Q26: Adam writes a cheque in favour of
Q27: The basic duty of a collecting bank
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents