In Case of Honoring Checks,a Bank

question 33

Multiple Choice

In case of honoring checks,a bank:

• A)is liable to the customer for damages the customer suffers,if a bank fails to honor a check because of a mistake on its part.
• B)has a liability to the holder of the check,whether the check is certified or notified.
• C)is not under a duty to honor all checks drawn by its customers in presence of sufficient funds in the customers' accounts.
• D)cannot charge the customer's account if it creates an overdraft.

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Definitions:

Glandular Organ

An organ that produces and releases chemicals either through ducts or into the bloodstream.

ERT

Estrogen Replacement Therapy; a treatment used to alleviate symptoms of menopause by replenishing estrogen levels.

Energy

The capacity to do work or produce change, present in various forms such as kinetic, potential, thermal, chemical, electric, and more.

Beamed

Radiated or emitted in a specific direction, often referring to light or energy.