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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
  5. Question
    Adjudication of Drawer's Incompetence Will Not Affect the Bank's Ability
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Adjudication of Drawer's Incompetence Will Not Affect the Bank's Ability

Question 59

Question 59

True/False

Adjudication of drawer's incompetence will not affect the bank's ability to act with respect to the drawer until the bank knows and has a reasonable opportunity to act on this knowledge.

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