A check cannot be retained at its place of deposit, with only its image or description presented for payment.
Correct Answer:
Verified
Q30: Drew signs a check "pay to the
Q31: The general rule is that the bank
Q32: Each bank in a collection chain must
Q33: Financial institutions that exchange digital images of
Q34: Franco buys a sound system from Grey
Q36: When the customer's negligence substantially contributes to
Q37: The Electronic Fund Transfer Act (EFTA) provides
Q38: Banks that do not exchange checks electronically
Q39: If a customer's debit card is lost
Q40: Checks received after a certain time can
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents