Quiz 22: Banking System,E-Money,and Financial Reform
A Bank's Refusal to Certify a Check Constitutes a Dishonor
A bank's refusal to certify a check constitutes a dishonor of the check.
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The drawer can stop payment on a certified check.
The purchaser of a cashier's check is not required to have a checking account at the issuing bank.
A cashier's check is a cancellable,non-negotiable instrument upon its issue.
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