Multiple Choice
A bank that knows of a customer's death:
A) cannot pay checks written by the customer.
B) can pay checks written by the customer for a period of 10 days.
C) can pay checks written by the customer for a period of 14 days.
D) cannot pay checks written by the customer until authorized by the heirs.
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Explain the difference between a certified check,
Q12: A check on which a bank is
Q13: For improper execution or failure to execute
Q14: Describe the provisions of the Electronic Funds
Q15: Normally, a drawee bank is not obligated
Q17: Any person authorized to draw a check
Q18: A written stop-payment order is:<br>A) valid for
Q19: Even when a bank receives a properly
Q20: Which of the following is a factor
Q21: The customer may give an oral stop-payment