Jack's Employer Electronically Deposits His Pay Every Friday into His

Multiple Choice

Jack's employer electronically deposits his pay every Friday into his checking account. One Thursday, his funds are running low in his checking account, but knowing that he will be paid the next day, he tries to pay with his debit card for groceries that exceed the amount in his account. What most likely is the outcome of this situation?

A) Debit card transaction are posted within 24 hour after the transaction, and therefore it should be processed with no problem.
B) As long as the funds customarily go into his account on Fridays, even though it would exceed the funds in his account on Thursday, bank traditionally offer a 12 hour grace period.
C) Debit Card transactions occur instantaneously to a checking account and therefore payment would be declined.
D) Jack would be held criminally liable for conversion.