Solved

O'Shea Issues a Check Drawn on Prime Bank to Quality

Question 7

Multiple Choice

O'Shea issues a check drawn on Prime Bank to Quality Equipment Supply to pay for a backhoe.Later,O'Shea discovers a defect in the backhoe and orders the bank to stop payment on the check.O'Shea does not renew the order,and the bank clears the check eight months later.The bank​ 


A)  ​must recredit O'Shea's account. 
B)  ​must obtain funds from Quality Equipment to cover the amount of the check. 
C)  ​must substitute acceptable goods. 
D)  ​need not recredit O'Shea's account.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions