menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Contemporary Business
  4. Exam
    Exam 22: Banking System, E-Money, and Financial Reform
  5. Question
    When a Payee or Holder Receives a Check,he or She
Solved

When a Payee or Holder Receives a Check,he or She

Question 55

Question 55

True/False

When a payee or holder receives a check,he or she can either go to the payer bank and present the check for payment in cash,or deposit the check into the depository bank.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q50: When a drawee bank is presented with

Q51: The collection process is governed by Article

Q52: In connection with a checking account at

Q53: Why are there such rigid and short

Q54: The drawer's failure to report a forged

Q56: A bank cannot pay a drawer's check

Q57: Which of the following is characteristic of

Q58: When the payee of a check indorses

Q59: Banks in the collection process that are

Q60: Vicki has a checking account with Little

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines