A bank in the collection chain must normally pass a check on before midnight of the next

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A bank in the collection chain must normally pass a check on before midnight of the next banking day following receipt.(TRUE/FALSE)

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Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

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Question Posted: Feb 26, 2024 03:02 AM

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A bank in the collection chain must normally pass a check on before midnight of the next

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The statement is False While there were historical regulations and practices regarding check collect...View the full answer

Business Law Text And Exercises

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