Asked by Squid Neutral on Jun 13, 2024
Verified
To certify a check, the bank must:
A) tell the one who presents it.
B) send a letter to the drawer.
C) write the acceptance on the check.
D) Any of these will be sufficient.
Certify a Check
The act of a bank confirming that there are sufficient funds in the account of the drawer of a check and that it is legitimate, essentially guaranteeing payment.
Acceptance
In the context of contract law, the action of consenting to an offer's conditions, effectively establishing a legally enforceable contract.
- Understand the procedure and implications of certifying a check.
Verified Answer
RF
Rapunzel FrostJun 16, 2024
Final Answer :
C
Explanation :
To certify a check, the bank will write the acceptance on the check, indicating that the funds are available and that the check will be honored. This step is typically done in the presence of the person presenting the check, and no other notification to the drawer is necessary.
Learning Objectives
- Understand the procedure and implications of certifying a check.