Gary writes a check drawn on Hill Bank for $400, payable to Ian on May 1. Gary

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Gary writes a check drawn on Hill Bank for $400, "payable to Ian" on May 1. Gary dies on May 3. Ian presents the check to the bank on May 5. Unaware of Gary's death, the bank

may pay the check.

must certify the check.

can do nothing until Ian claims an interest in the account.

must consult with Gary's heirs before paying the check.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Dec 22, 2023 01:04 AM

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Gary writes a check drawn on Hill Bank for $400, payable to Ian on May 1. Gary

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