Asked by george brown on Apr 25, 2024
Verified
Checks, when presented, are automatically certified.
Certified
Officially recognized or verified, often by a certification body, as meeting a specific standard or criteria.
- Acquire knowledge about the repercussions resulting from the dishonor of a negotiable instrument.
Verified Answer
TH
Tanner HearneApr 26, 2024
Final Answer :
False
Explanation :
Checks are not automatically certified when presented; certification is a separate process where the bank verifies the check is good and sets aside the funds for it, usually at the request of the holder.
Learning Objectives
- Acquire knowledge about the repercussions resulting from the dishonor of a negotiable instrument.