If a Bank Pays on a Check After the Death

question 10

True/False

If a bank pays on a check after the death of its customer,the customer's estate is not automatically entitled to reimbursement.

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Definitions:

European Economic Community

A regional organization aimed at integrating the economies of its member countries, a precursor to the European Union.

Supply Chain Complexity

The degree of intricacy and interconnectivity in a supply chain, influenced by factors like number of products, geographical spread, and variability in demand.

SKUs

Stock Keeping Units, unique codes assigned to products to identify them, often used for inventory management.

Transportation Requirements

Specifications or conditions that need to be met for the movement of goods, including regulations, delivery windows, and vehicle capacity.