When Customers of a Financial Institution Draw (Write)a Cheque That

question 19

Multiple Choice

When customers of a financial institution draw (write) a cheque that institution has a duty:

• A)not to pay a cheque that contain the drawee's forged signature or a fraudulent alteration.
• B)to obey the customer's instructions,including crossings and other directions.
• C)to honour (pay)the cheque if there are sufficient funds.
• D)to comply with all of the above.
• E)to comply with A and B only.

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