Question: The drawee - payor bank's failure to settle by midnight of the banking day of receipt, or its failure to pay or return the check,

The drawee

-

payor bank's failure to settle by midnight of the banking day of receipt, or its failure to pay or return the check, or send notice of dishonor, results in the

_________.

Multiple choice question.

drawee

-

payor bank's becoming accountable for the amount of the check

shortening of the bank's midnight deadline

payee depositing another check in the same bank within one month

creation of negotiable instruments or commercial papers

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