Question
1. What law governs the requirements that make a check negotiable? What are those requirements? 2. Who are the parties to a check? 3. What
1. What law governs the requirements that make a check negotiable? What are those requirements?
2. Who are the parties to a check?
3. What is the difference between a blank endorsement and a special endorsement? Discuss when each is used?
4. What are the difference between a cashier's check, a teller's check, a certified check, and a traveler's check?
5. What are some examples of checks that might be rejected from the normal posting process and require handling as exception items?
6. What is dual custody? Provide an example of when it is used.
7. What are at least three signs of a fraudulent check?
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