Every check written must eventually come back to the bank on which it is drawn.
Correct Answer:
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Q1: The clearinghouse banks save up the checks
Q2: Since the letter of credit ordinarily will
Q3: The principal body of law applica?ble to
Q5: The relationship between the bank and its
Q6: According to Section 4, a bank can
Q7: A bank can take more than one
Q8: According to the Electronic Fund Transfer Act,
Q9: If a bank pays a check notwithstanding
Q10: Section 4-104 defines "item" as "an instrument
Q11: Unless the parties agree otherwise, however, a
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