Multiple Choice
Under the Check 21 Act:
A) banks must accept checks in electronic form.
B) banks are permitted to truncate original checks and process check information electronically.
C) banks must create substitute checks which are the legal equivalent of the original checks.
D) All of these.
Correct Answer:
Verified
Correct Answer:
Verified
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Q47: Postdating an instrument will destroy its negotiability.
Q48: Handwritten words supersede typewritten words contained in
Q49: Carlos wrote a check with the numbers
Q50: A promissory note is an instrument that
Q52: Jake signed and delivered a negotiable promissory
Q53: The UCC states that an instrument fulfills
Q54: Notes and certificates of deposit are orders
Q55: An "I.O.U." is a negotiable instrument.
Q56: Only a bank may serve as the