Solved

Dick Signs a Check "Pay to the Order of Sally

Question 66

Multiple Choice

Dick signs a check "pay to the order of Sally" drawn on Dick's account in Suburban Bank. Dick has $400 in his account but the amount of the check is $500, which the bank pays. This is​


A) ​a dishonored check.
B) ​an overdraft.
C) ​an oversight.
D) ​a stale check.

Correct Answer:

verifed

Verified

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

Related Questions

Q22: A customer must examine a bank statement

Q27: E-money replaces physical cash with virtual cash.

Q29: A forged signature is effective as the

Q35: A check is a special type of

Q49: Check 21 applies in only half of

Q51: On Monday, Ellery deposits in her account

Q54: When a customer deposits cash into a

Q63: Boris can write checks on his account

Q67: Franco buys a sound system from Grey

Q71: Shane issues a check drawn on Thrifty