Which of the Following Statements Is Not True If a Check

question 11

Multiple Choice

Which of the following statements is not true if a check is certified by a bank?

• A) The refusal of the bank to certify the check is a type of dishonor.
• B) The drawer is not liable if the drawer has the check certified.
• C) The drawer is not liable if a holder has the check certified.
• D) All persons who indorsed the check before certification are discharged by certification.
• E) The bank must indicate on the face of the check that the check is certified.

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Definitions:

Positive Valence

A term used in psychology to describe the attractive or desirable nature of a stimulus, which influences a person’s motivation to pursue or engage in it.

Negative Valence

The negative emotional charge or undesirable assessment associated with a thought, event, or stimulus.

Money Orders

A payment order for a pre-specified amount of money, often used as a safer alternative to cash or personal checks.

Post Office

A government-operated institution responsible for mail distribution and various postal services.