True-False Questions - 1. If a bank pays a stale check in good faith without consulting the customer, the bank cannot charge the customer's account. 2. - If a bank receives an item payable from a customer's account in which there are insufficient funds, the bank cannot pay the item. 3. A bank in the collection chain must normally pass a check on before midnight of the next banking day following receipt. 4. The rights and duties of a bank and its customers are partly contractual. 5. All funds deposited in all bank accounts must be available for withdrawal no later than the next business day. 6. A forged drawer's signature on a check is as effective as the signature of the person whose name is signed. 7. If a bank fails to honor a customer's stop-payment order, it may be liable to the customer for more than the amount of the loss suffered by the drawer because of the wrongful payment