A Bank Is Not Authorized to Pay a Postdated Check

question 43

True/False

A bank is not authorized to pay a postdated check before the date on the check and charge the amount to the customer's account,unless the customer has given notice to the bank.

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Definitions:

Undivided Share

Refers to an ownership interest in property where each owner holds an equal right to the entire property rather than a specific identifiable part.

Lease Agreement

A contract between a landlord and tenant specifying the terms for renting residential or commercial property.

Dower Deed

A legal document that grants a surviving spouse rights to a portion of the property owned by the deceased spouse.

Age Discrimination Prohibitions

Legal restrictions that prevent discrimination against individuals based on their age, especially in employment settings.