True/False
If a bank receives a check on Tuesday, it must take proper action, such as forwarding or presenting it, by midnight of Wednesday.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q7: The Check Clearing for the 21st Century
Q54: When a payor bank gets an item
Q55: Yasmin tries to make a $75 withdrawal from
Q56: What is electronic funds transfer? Why is
Q57: A payor bank is required to dishonor
Q58: Which of the following is correct with
Q59: Adjudication of drawer's incompetence will not affect
Q61: Electronic funds transfers are beneficial to banks
Q62: Lane Co. instructs its bank, Second Street
Q63: Mary receives her monthly bank statement on