menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Smith and Robersons Business Law Study Set 2
  4. Exam
    Exam 29: Bank Deposits, Collections, and Funds Transfers
  5. Question
    Banking and the Collection Process of Checks Is Governed Solely
Solved

Banking and the Collection Process of Checks Is Governed Solely

Question 45

Question 45

True/False

Banking and the collection process of checks is governed solely by state law, primarily the UCC.

Correct Answer:

verifed

Verified

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

Related Questions

Q2: Mark takes his wife's paycheck to Valley

Q18: If a bank receives a check on

Q37: Caryn deposits a check in her bank

Q40: A substitute check:<br>A)is basically a copy of

Q42: If Margie makes out a check for

Q43: First Bank pays a forged check on

Q44: A payment order:<br>A)is a sender's instruction to

Q51: The Wall Street Reform and Consumer Protection

Q52: MICR enables check processing without further human

Q67: A system for electronic funds transfers (EFT)in

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