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  3. Study Set
    Business Law and the Regulation of Business Study Set 2
  4. Exam
    Exam 27: Bank Deposits Collections and Funds Transfers
  5. Question
    If Harriet Makes Out a Check for $127
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If Harriet Makes Out a Check for $127

Question 2

Question 2

Multiple Choice

If Harriet makes out a check for $127.50 when she has only $10 in her account, her bank:


A) must refuse to pay the check.
B) must pay the check.
C) may only bill Harriet for $117.50 plus a service charge.
D) may choose any of these options.

Correct Answer:

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