Multiple Choice
State Bank receives a check drawn by Tricia. The check is re?ceived af?ter the established "cutoff" hour. Payment can be postponed without dishonor
A) indefinitely.
B) under no circumstances.
C) unless Tricia personally demands acceptance.
D) until the close of the next business day.
Correct Answer:

Verified
Correct Answer:
Verified
Q24: Kip is Lulu's agent and is authorized
Q29: A drawer's liability does not arise until
Q32: Ethel signs a note "payable to the
Q61: An unauthorized signature binds the person whose
Q62: If the holder of an instrument strikes
Q63: Fact Pattern 26-1A <br>Roy writes a check
Q64: A drawer who is induced by an
Q65: To properly present a draft for payment,
Q67: Pritty Products sells shoddy goods to consumers
Q69: An authorized agent may be personally liable