When a Bank Certifies a Check, the Bank Is Agreeing

question 15

True/False

When a bank certifies a check, the bank is agreeing in advance to accept the check when it is presented for payment and to make payment with funds reserved for the purpose.

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Definitions:

Paedomorphosis

A developmental phenomenon where adults of a species retain juvenile characteristics.

Axolotl Salamander

An aquatic salamander known for its capacity to regenerate limbs and other body parts, native to Mexico and popular in scientific research.

Juvenile Characteristics

Traits or features displayed by young individuals of a species that are typically lost or altered upon reaching adulthood.

Biological Species Concept

A definition of species whereby individuals are considered to belong to the same species if they are capable of interbreeding and producing fertile offspring.