Examlex
Which of the following best describes an element?
Altered Check
A check that has been tampered with after its original issuance, such as changing the amount payable.
Properly Payable
Refers to funds that a bank must legally disburse in accordance with the directives on a check or draft presented.
Date
A specific point in time, typically described with a day, month, and year.
Payee Name
The name of the individual or entity entitled to receive payment as indicated on a financial instrument, like a check or wire transfer.
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