This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Explain the duties of a bank customer regarding checks drawn on the customer's ... (Read 153 times)

natalie2426

  • Hero Member
  • *****
  • Posts: 524
on: Jun 24, 2018
Explain the duties of a bank customer regarding checks drawn on the customer's account.

Question 2

What duties does a bank owe its depositor/drawer?
 A) Pay every check presented to it.
 B) Compare the signature on the depositor's check with the signature on file.
 C) Enforce a stop payment order for up to ninety days.
 D)Refuse to pay any check which would cause an overdraft on the account.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nikmaaacs

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 24, 2018
Answer to Question 1

The customer must examine monthly bank statements reasonably promptly and notify the bank of any forged signatures. The UCC does not define reasonable promptness, but the agreement between the customer and bank likely sets a time of not less than thirty days and not more than one year.

Answer to Question 2

B


natalie2426

  • Member
  • Posts: 524
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

After checking for stored diagnostic trouble codes (DTCs), the wise technician checks service ... After checking for stored diagnostic trouble codes (DTCs), the wise technician checks service ...
How to solve a linear algebraic bank interest problem with two unknowns How to solve a linear algebraic bank interest problem with two unknowns
Managerial Duties Managerial Duties
A Radio Telescope in Green Bank, West Virginia A Radio Telescope in Green Bank, West Virginia
Polypeptide Drawn Polypeptide Drawn
A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ... A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ...
Video: DNA Replication

For a complete list of videos, visit our video library