menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law Principles and Practices
  4. Exam
    Exam 22: Checks and the Banking System in the Twenty-First Century
  5. Question
    New World Bank Paid a Check Issued by Fermi, a Depositor
Solved

New World Bank Paid a Check Issued by Fermi, a Depositor

Question 7

Question 7

Multiple Choice

New World Bank paid a check issued by Fermi, a depositor, that had been altered from $50 to $500. The amount Fermi can recover from the bank is


A) $50.
B) $450.
C) $500.
D) $550.

Correct Answer:

verifed

Verified

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

Related Questions

Q2: A(n) _ is a type of cashier's

Q3: A written stop-payment order is effective for<br>A)

Q4: Marsh, without fraudulent intent, wrote a check

Q5: An overdraft occurs when a<br>A) bank allows

Q6: A(n) _ check is one that is

Q8: A depositor's personal check that the bank

Q9: The _ enables depositors to transfer money

Q10: An oral stop-payment order is effective for

Q11: A check drawn on the bank's own

Q12: When a check is certified, the certifying

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