True/False
Boston Bank receives one of their payable checks made to the order of the Same Sex Alliance organization of Massachusetts for $1,000.The check comes from a valid account and there are funds in that account to cover the check.The CEO of Boston Bank does not agree with the mission of the Same Sex Alliance and refuses to honor the check.Boston Bank is within its power as a bank to do this.
Correct Answer:
Verified
Correct Answer:
Verified
Q50: If a customer does not discover a
Q51: Which of the following refers to the
Q52: Under Article 4,which of the following refers
Q53: Which of the following do a certified
Q54: The time period within which a customer
Q56: An oral stop-payment order normally is good
Q57: _ is when a bank observes the
Q58: Under the recent amendments to Article 4,postdated
Q59: On June 1,Dave Drawer writes a check
Q60: A stop-payment order is authorized by the:<br>A)bearer.<br>B)creditor.<br>C)drawer.<br>D)drawee.