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    Business Law and the Regulation of Business Study Set 2
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    Exam 27: Bank Deposits Collections and Funds Transfers
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    Dan Drew a $100 Check on ABC Bank Payable "To
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Dan Drew a $100 Check on ABC Bank Payable "To

Question 17

Question 17

True/False

Dan drew a $100 check on ABC Bank payable "to the order of Peg Buncy." Peg cashed the check at National Bank. National Bank is an agent of Peg until the drawee bank pays the check.

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