Elton Presents an Uncertified Check for Payment More Than Six

question 45

Multiple Choice

Elton presents an uncertified check for payment more than six months after its date. The check was drawn by Dakota on her account in First Community Bank. The usual banking practice in such a case is to

• A) cash the check.
• B) consult the customer.
• C) refuse to cash the check.
• D) ask the payee what he or she would prefer.

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Definitions:

Institutional Buy

A purchase made by an institution or organizational entity, often involving large quantities of items or significant investment.

County Institutions

Organizations or establishments operated at the county level, which could include government offices, public services, or community programs.

Public Highways

Roads or thoroughfares that are maintained by the government for the public to use for transportation.

High-involvement Product

A product that requires significant customer thought and research before purchase due to its higher price or personal importance.