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:

Verified
Correct Answer:
Verified
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