A check received after banking hours is considered constructively received by the payee even though the check cannot be converted to cash.

Name: A check received after banking hours is considered constructively received by the payee even though the check cannot be converted to cash.
Brand: Quizplus
Rating: 4.7 (36 reviews)

Question

Quizplus · Accepted Answer

Even though the payee cannot immediately convert the check to cash, it is still considered constructively received as the payee can deposit it the next business day when the bank is open.

A Check Received After Banking Hours Is Considered Constructively Received