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

question 84

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 the above will occur.

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Definitions:

Self-Monitoring

The practice of observing and managing one's behavior in social situations to conform to the perceived expectations of others.

Self-Efficacy

One’s beliefs about the degree to which one will be able to accomplish a goal if one tries.

Express

pertains to conveying thoughts, feelings, or instructions clearly and directly, often through verbal or non-verbal communication.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, affecting how they think, feel, and behave across various situations.