Question
1) On a check, if there is a discrepancy between the written words and the numerical figures...such as: The numerical figure states $1300.00, but the
1) On a check, if there is a discrepancy between the written words and the numerical figures...such as:
The numerical figure states $1300.00, but the written words are stated as : Thirteen thousand dollars and no/100.
Which prevails ?
a, The numerical figure of $1300.00
b, Neither, the bank will reject the check
c, The written words- Thirteen thousand dollars and no/100
2) Your name is misspelled on a check given to you. What should you do?
a, Just indorse as usual
b, The check is not negotiable as is
c, Indorse with the name as it appears on the instrument, followed by the correct name
d, Indorse only with the misspelled name
3) Quinn signs a check pay to the order of Ronda drawn on Quinns account in Suburban Bank. Quinn has $400 in his account but the amount of the check is $500, which the bank pays. This is
a, a stale check
b, a dishonored check
c, an overdraft
d, a postdated check
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