The Duties of a Drawee Bank Include All of the Following

question 16

Multiple Choice

The duties of a drawee bank include all of the following except to:

• A) maintain security concerning information relating to the depositor-bank relationship.
• B) pay on demand all checks to the extent of the bank's assets.
• C) exercise reasonable care in the payment of checks.
• D) generally refuse to pay any checks after the drawer has died.

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Definitions:

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Taxation Principle

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The process of keeping roads in safe, usable condition, including repairs, cleaning, and updating road signs and markings.