Multiple Choice
Which of the following is NOT a duty that a collecting bank has in the collection process?
A) Duty of care
B) Duty to act timely
C) Duty to honor a valid stop payment order
D) Duty to honor a restrictive indorsement
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q29: A financial institution is liable to its
Q30: What is electronic funds transfer? Why do
Q31: Banks may not pay checks issued by
Q32: Which of the following is true with
Q33: For how long is an oral stop
Q35: Which of the following is correct with
Q36: A payor bank is is required to
Q37: Caryn deposits a check in her bank
Q38: ABC Bank sent Joanne,a depositor,her January statement
Q39: Banking and the collection process of checks