Gary Writes a Check Drawn on Hilltop Bank for $400

question 40

Multiple Choice

Gary writes a check drawn on Hilltop Bank for $400 "payable to Ivan" on May 1. Gary dies on May 3. Ivan presents the check to the bank on May 5. Unaware of Gary's death, the bank​

• A) ​must certify the check.
• B) ​may pay the check.
• C) ​must consult with Gary's heirs before paying the check.
• D) ​can do nothing until Ivan claims an interest in the account.

---

Definitions:

General Potential

The overall capacity or ability that a person or organization has to achieve something, not limited to a specific area.

Problem Solving

The process of identifying a problem, developing possible solutions, and implementing a solution.

Project Management

The practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria.

Résumé

A document summarizing an individual's work experience, education, skills, and accomplishments, typically used for job applications.