If a Bank Receives a Check on Tuesday, It Must

question 60

True/False

If a bank receives a check on Tuesday, it must take proper action, such as forwarding or presenting it, by midnight of Wednesday.

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Definitions:

Illusory Promise

A statement or agreement that appears to be a promise but is so vague, non-committal, or lacks definite terms that it cannot be legally enforced.

Enforceable

Capable of being imposed by law or force; refers to contracts, obligations, or rules that can be legally upheld.

Illusory Promise

A promise that is vague or made in such a way that it does not actually commit the promisor to any course of action.

Enforceable Contract

A legal agreement between parties that is valid and recognized by the law, allowing for it to be enforced in a court of law.