Asked by
0riignial Bubbles
on Nov 30, 2024
Verified
A payor bank is required to dishonor an uncertified check that is more than six months old.
Payor Bank
The bank that is responsible for paying the draft or check written by a depositor.
Uncertified Check
A check that has not been verified or guaranteed by the bank upon which it is drawn.
- Identify the legal framework governing the use of checks, including the rights and obligations of parties involved.
Verified Answer
5R
Learning Objectives
- Identify the legal framework governing the use of checks, including the rights and obligations of parties involved.