If a Bank Does Not Honor a Check When There

question 38

True/False

If a bank does not honor a check when there are sufficient funds in a drawer's account to pay a properly payable check,it is liable for wrongful dishonor.

---

Definitions:

Tax Burden

The measurement of taxes paid by an individual or business, expressed as a percentage of income or profit.

Sellers

Individuals or entities that offer goods or services in exchange for monetary compensation or other forms of payment.

Per Unit

Refers to expressing a variable or a measure on a per single item basis.

Sellers Receive

Sellers receive refers to the amount of money or compensation sellers get from selling goods, services, or assets.