Even when a bank receives a properly drawn and payable check on a person's account and there are sufficient funds to cover the check, the bank is not under a legal duty to pay it.
Correct Answer:
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Q1: A written stop-payment order is valid for
Q2: Which of the following is an actual
Q4: A check on which a bank is
Q5: When a bank receives a properly drawn
Q6: Which of the following sources governs the
Q7: Which of the following best describes a
Q8: Under the Electronic Fund Transfer Act (EFTA),
Q9: When the depositor deposits a check to
Q10: Normally, a drawee bank is not obligated
Q11: If an account is overdrawn, the customer
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