Essay
Adams wrote a check to Jimmy for $5,000.After three days,Adam was in an accident and died.Now Jimmy wants to collect money from the bank and so he deposited the check.However,the bank is refusing to pay.Is he entitled to get his money?
Correct Answer:

Verified
Yes,Jimmy is entitled to the payment bec...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q23: _ is a financial management tool offered
Q24: While receiving a properly drawn and payable
Q25: Which of the following statements is true
Q26: How often must a bank send a
Q27: Which of the following is true for
Q29: In which of the following cases will
Q30: Banks must retain the legible copy of
Q31: "Check 21" is the popular name for
Q32: Jim gave a postdated check dated December
Q33: In case of honoring checks,a bank:<br>A)is liable