True/False
David dies an untimely death in a boating accident two days after writing a check to his landlord. The bank finds out about David's death the day after it happens. When the landlord presents the check to the bank two weeks later, the bank must pay it unless David's heirs object.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q47: A payment order for a wholesale funds
Q49: Collecting banks give to a transferee the
Q50: Which warranties does a collecting bank give?<br>A)
Q51: A bank may pay a check after
Q53: What are a payor bank's rights to
Q54: Point of sale systems permit customers to
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