Theresa Has Just Started Working for Citizens Bank as a Teller

question 45

Essay

Theresa has just started working for Citizens Bank as a teller. A man comes into the bank with a $100 check that is 8 months old. She goes to the manager to ask whether she should pay it. If you were the manager, what would you advise her? Explain.

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Definitions:

Immunity

A provision or status that protects a person or entity from legal action or liability under certain conditions.

Drawee

The party directed by a drafter (e.g., the issuer of a check) to pay a certain sum of money to the party named in the document.

Dishonored

In relation to financial transactions, it refers to the refusal of payment on a check, note, or bill when presented.