Quinn signs a check “pay to the order of Ronda” drawn on Quinn’s account in Suburban Bank. Quinn has $400 in his account but the amount of the check is $500, which the bank pays. This is

A. a dishonored check.
B. an overdraft.
C. a certified check.
D. a stale check.


Answer: B

Business

You might also like to view...

In personality tests, which of the following factors is the strongest predictor of ethical behavior?

a. conscientiousness b. agreeableness c. emotional stability d. extraversion

Business

If service are rendered for credit then

a. assets will decrease. b. liabilities will increase. c. owner's equity will increase. d. liabilities will decrease

Business

Candy, Inc signed an agreement with Sweet Plantation. Under the contract, Candy, Inc agreed to purchase all the sugar cane Sweet Plantation grew during the coming season for $0.16 per pound. This contract will be unenforceable due to its vagueness

a. True b. False Indicate whether the statement is true or false

Business

Four A washers, five B washers, two C bolts, and a D bolt are required to make one grill parts kit. If 100 grill parts kits are needed, how many more washers will be consumed than bolts?

What will be an ideal response?

Business