If a Drawer and a Payee or Holder Have Accounts

question 26

Multiple Choice

If a drawer and a payee or holder have accounts at different banks, the payer bank and depository bank are not the same bank. In this case, the check is called a(n) ________.

• A) non-negotiable instrument
• B) presentment warranty
• C) stale check
• D) "on them" item

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Definitions:

Washers

are thin plates with a hole, typically used to distribute the load of a threaded fastener, such as a screw or nut.

Bolts

Fastening devices, typically made of metal, designed to secure or join two or more objects together through a pre-drilled hole, usually used with a nut.

Grill Parts Kit

A set of components designed to replace or enhance parts of a grill, typically including items like grates, burners, and ignition systems.

Washers

Thin plates with a hole that are typically used to distribute the load of a threaded fastener, such as a bolt or nut.