What Is the Effect of a Payor Bank's Dishonor of a Check

question 29

Multiple Choice

What is the effect of a payor bank's dishonor of a check?

• A) It returns the check.
• B) The provisional credits must be reversed.
• C) The customer who deposited the item for collection must cover the item and seek recovery from the drawer or indorsers.
• D) All of these will occur.

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Definitions:

Emergent Interest Groups

are spontaneous or newly formed groups that arise in response to specific societal issues or concerns, aiming to influence public policy or opinion.

View Of Greatness

An individual or collective perception of what constitutes excellence or superiority in a particular context.

Specific Purpose

A particular goal or intention that guides an action or activity, often articulated to focus efforts and resources.

Emergent Interest Groups

Groups that form spontaneously around shared concerns or goals, typically in response to specific events or developments.