According to the Electronic Fund Transfer Act, no creditor can insist that a person repays his/her outstanding extensions of credit electronically.
Correct Answer:
Verified
Q3: The principal body of law applica?ble to
Q4: Every check written must eventually come back
Q5: The relationship between the bank and its
Q6: According to Section 4, a bank can
Q7: A bank can take more than one
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
Q12: In the check collection process it is
Q13: The Electronic Fund Transfer Act prohibits a
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