If a Bank Chooses to Certify a Check,the Drawee Is

question 30

True/False

If a bank chooses to certify a check,the drawee is discharged from any further obligation.

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Definitions:

Gift

A voluntary transfer of property or funds without receiving anything in return or expectation of return.

Negotiable Instrument

A written promise or order to pay a specific amount of money that can be transferred to another party under certain conditions.

Misspelled Name

An error in the way a person's name is spelled on a document or in a database, which can lead to issues or confusion.

Endorse

To sign the back of a financial document or to publicly support a product, candidate, or policy.