If a Checking Account Customer's Funds Are Insufficient to Pay

question 27

True/False

If a checking account customer's funds are insufficient to pay all of the items that the bank receives on that account on a given day,the bank may charge the items against the account in any order the bank deems convenient without incurring liability to the customer/drawer for choosing one item over another.

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Definitions:

Slave Trade

The historical trading of enslaved humans, particularly from Africa to the Americas, as part of a triangular trading system involving manufactured goods, slaves, and agricultural products.

Barbados

An island country in the Lesser Antilles of the West Indies, in the Caribbean region of North America, known for its rich history and vibrant culture.

Molasses

A thick, dark syrup produced during the refining of sugar cane or sugar beets into sugar.

Sugar Cane

Sugar cane is a tropical grass native to Southeast Asia, widely cultivated for its juice from which sugar is processed, playing a significant role in global sugar production.