Solved

Which of the Following Is True About Electronic Check Presentment

Question 17

Multiple Choice

Which of the following is true about electronic check presentment?


A) The UCC is silent as to electronic check presentment.
B) The individual who encodes the information from the check does not need to warrant that the information is correct.
C) Only the actual check may be transmitted for payment between banks.
D) Banks may transmit substitute checks, instead of the actual checks, for payment between banks.
E) It is not possible process checks on the day of deposit.

Correct Answer:

verifed

Verified

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

Related Questions