menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Law for Business Study Set 7
  4. Exam
    Exam 20: Nature of Negotiable Instruments
  5. Question
    A Preauthorized Credit Allows the Amount of Regular Payments to Be
Solved

A Preauthorized Credit Allows the Amount of Regular Payments to Be

Question 14

Question 14

True/False

A preauthorized credit allows the amount of regular payments to be automatically deposited in the payee's  account.

Correct Answer:

verifed

Verified

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

Related Questions

Q1: A written order by one person directing

Q7: Explain preauthorized debits and credits.

Q8: A holder who takes a negotiable instrument

Q9: The person who executes a promissory note

Q11: Rules applied by courts set up by

Q13: The person who is ordered to pay

Q15: are writings drawn in a special form

Q16: A commercial paper, which is made payable

Q18: Which of the following is true of

Q19: Transferring is the act of transferring ownership

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