Orville sends Percy a certified check for $5,000. Percy deposits the check into his account at Quantum Bank. The next business day, the bank confirms a $5,000 increase in Percy's account. He then wires Orville $500 for "fees." Later, the bank discovers that the check is counterfeit. On these facts, the bank can deduct from Percy's account
A. $5,500.
B. $5,000.
C. $500.
D. 0.
Answer: A
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Answer the following statement true (T) or false (F)
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A) Mediation. B) Elimination. C) Arbitration. D) Acceptance.
If a homeowner defaults, or fails to make the mortgage payments, the lender has the right to foreclose on the mortgaged property
a. True b. False Indicate whether the statement is true or false