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Which of the Following Is False Regarding Certified Checks

Question 3

Multiple Choice

Which of the following is false regarding certified checks?


A) If a bank refuses to certify a check,the check lacks the extra protection of certification.
B) If a bank refuses to certify a check,the check is considered dishonored.
C) If a bank certifies a check,the bank has become primarily liable for the check.
D) If a bank certifies a check,the drawer of the check is no longer liable for the amount of the check.
E) Once a check is certified,funds of the customer are removed from his or her account and placed in the bank's certified check account.

Correct Answer:

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