True/False
A preauthorized credit allows the amount of regular payments to be automatically deposited in the payee's account.
Correct Answer:

Verified
Correct Answer:
Verified
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