When an Overdraft Occurs,the Bank Becomes the Customer's Agent

question 44

True/False

When an overdraft occurs,the bank becomes the customer's agent.

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Definitions:

Foreign Corporation

A business entity that is registered under the laws of a state or country different from where it actually does business.

Jurisdiction

The official power to make legal decisions and judgments, typically in a specific geographic area or over certain types of cases.

Legal Rules

Principles or guidelines established by authority, society, or custom, which are enforceable through legal institutions.

Foreign

Related to or originating from a country different from the one being referred to, often implies external or outside influence or components.