Asked by
Pradeep Prasanna
on Nov 28, 2024Verified
If only a bank's drive-through facility is open, a check deposited on Saturday will not trigger the bank's midnight deadline until the following Monday.
Midnight Deadline
A point in time specified as the end of a day or deadline, often used in the context of projects, assignments, or contracts to indicate the final moment something is due.
- Comprehend the statutory period and prerequisites for the presentation and processing of checks.
Verified Answer
TM
Learning Objectives
- Comprehend the statutory period and prerequisites for the presentation and processing of checks.