Finance Bank receives a check drawn on the account of Enterprise Inc., one of the
bank's customers, at 3 P.M. Friday. Dora, the presenter of the check, is not one of
the bank's customers. The bank uses deferred posting with a 2 P.M. cutoff hour. If it
decides to dishonor the check, it must do so by midnight
a. Saturday
O b. Sunday.
O c Monday
Od Tuesday

Question

07-01-2021
Law

Answered

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Finance Bank receives a check drawn on the account of Enterprise Inc., one of the
bank's customers, at 3 P.M. Friday. Dora, the presenter of the check, is not one of
the bank's customers. The bank uses deferred posting with a 2 P.M. cutoff hour. If it
decides to dishonor the check, it must do so by midnight
a. Saturday
O b. Sunday.
O c Monday
Od Tuesday

Sagot :

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