What type of check does a bank agree in advance to accept when the check is presented for payment? A certified check 2. When may a bank properly dishonor a customer’s check without the bank being liable to the customer? A bank may dishonor a customer’s check without liability to the customer when the customer’s account contains insufficient funds to pay the check, providing the bank did not agree to cover overdrafts. 3. What duties does the Uniform Commercial Code impose on a bank’s customers with regard to forged and altered checks?
A forged signature on a check has no legal effect as the signature of the drawer. For this reason, banks require a signature card from each customer who opens a checking account. The general rule is that the bank must recredit the customers account when it pays a check with a forged signature. 4. What are the four most common types of electronic fund transfers? The four most common types of EF systems used by bank customers are automated teller machines, point-of-sale systems, systems handling direct deposits and withdrawals of funds, and pay-by-telephone systems. 5. What laws apply to e-money transactions and online banking services?
It is not clear which laws apply to the security of e-money payment information and e-money issuers’ financial records. The Financial Services Modernization Act outlines how financial institutions can treat consumer data in general. The Right to Financial Privacy Act may also apply. Case 20-9 To become a secured party, the creditor must obtain a security interest in the collateral of the debtor. Three requirements must be met for a creditor to have an enforceable security interest: Unless the creditor has possession of the collateral, there must be written or authenticated security agreement hat clearly describes the collateral, there must be written or authenticated security agreement that clearly describes the collateral subject to the security interest and is signed or authenticated by the debtor, the secured party must give something of value to the debtor, and the debtor must have “rights” in the collateral. Once all of these requirements have been met, the creditors rights are said to attach to the collateral. Attachment gives the creditor an enforceable security interest in the collateral.
The Essay on Security and Economic Revival Raise Hopes in the West Bank
The New York Times article “Security and Economic Revival Raise Hopes in the West Bank” by Ethan Bonner covers the reemergence of the Palestinian-covered West Bank, specifically in the city of Nablus, after a series of bloody uprisings and encounters between extremists and Israeli forces. The Palestinian authority has been longing for control over their territories, and it has experienced its ...
