Multiple Choice
If Ben Stewart has a checking account at First Bank:
A) the relationship between Ben and his bank is based primarily on their contractual agreement.
B) First Bank is a creditor and Ben is a debtor.
C) Ben is an agent of First Bank.
D) First Bank must honor all of Ben's checks.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q60: Doug takes a $500 check drawn by
Q61: Helen deposits a $50 check in her
Q62: Sylvia draws a check on ABC Bank
Q63: In most cases,the collecting bank is the
Q64: Banks like electronic funds transfers because they
Q66: Theresa has just started working as a
Q67: A system for electronic funds transfers (EFT)in
Q68: Under the Competitive Equality Banking Act,a nonlocal
Q69: Which of the following is/are excluded from
Q70: Tania calls her bank to issue an