If a bank does not dishonor an "on-us" item by the opening of the second banking day following its receipt, the check is considered paid. O True ◇ False
If a bank does not dishonor an "on-us" item by the opening of the second banking day following its receipt, the check is considered paid. O True ◇ False
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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hre.3
Transcribed Image Text:If a bank does not dishonor an "on-us" item by the opening of the second banking day following its receipt, the check is considered paid.
O True
◇ False
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