Solved

Guaranty Bank Receives a Check Drawn on the Account of Get-Rich

Question 37

Multiple Choice

Guaranty Bank receives a check drawn on the account of Get-Rich Industries,Inc.,one of the bank's customers,at 3 p.m.Friday.Garry,the presenter of the check,is not one of the bank's customers.The bank uses deferred posting with a 2 p.m.cutoff hour.If it decides to dishonor the check,it must do so by midnight


A) Saturday.
B) Sunday.
C) Monday.
D) Tuesday.

Correct Answer:

verifed

Verified

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

Related Questions