What is the effect of a payor bank's dishonor of a check?

a. It returns the check.
b. The provisional credits must be reversed.
c. The customer who deposited the item for collection must cover the item and seek recovery from the drawer or indorsers.
d. All of these will occur.


d

Business

You might also like to view...

For a business communicator, style ________

A) refers to how you express yourself B) is the content you express C) pertains to what you don't say D) doesn't impact the tone of the message E) is irrelevant

Business

Ethnography is a qualitative research orientation originating in ____.

A. marketing B. psychology C. anthropology D. sociology

Business

Phil agrees to work for Vacation Resorts, Inc., as a chef. In determining whether a contract has been formed, an element of prime importance is

A. the parties' intent. B. Phil's rate of pay. C. the duration of the work. D. Vacation Resorts's facilities.

Business

When the corporation is harmed by the actions of a third party, the directors can bring a lawsuit in the name of the corporation against that party.?

Indicate whether the statement is true or false

Business