A ________________ Is a Report from the Bank That Shows

question 42

Short Answer

A ________________ is a report from the bank that shows all the paid checks, deposits, charges, and the balance on a checking account.

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Definitions:

Agency Relationship

A legal and fiduciary relationship between two parties, where one, the agent, is authorized to act on behalf of the other, the principal, in business transactions.

Liability

A legal obligation or responsibility to settle a debt or make good on a promise or contract.

Third Parties

Individuals or entities that are not directly involved in a legal agreement or transaction but may be affected by it.

Actual Notice

Notice of agency termination that is given by directly informing third parties, either orally or in writing.