If an account is overdrawn, the customer owes the bank the amount of the overdraft, and the bank may take that amount out of the next deposit that the customer makes or from another account that the depositor maintains with the bank.
Correct Answer:
Verified
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
Q12: Revised Article 3 of the Uniform Commercial
Q13: Article 2 of the Uniform Commercial Code
Q14: Any person authorized to draw a check
Q15: On August 1, 1990, Lisa wrote a
Q16: The customer may give an oral stop-payment
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