Thelma signs a check “pay to the order of Uri” drawn on Thelma’s account in Verity Bank. Thelma has $400 in her account but the amount of the check is $500, which the bank pays. This is
A. a dishonored check.
B. an overdraft.
C. a postdated check.
D. a stale check.
Answer:B
Thelma signs a check “pay to the order of Uri” drawn on Thelma’s account in Verity Bank. Thelma has $400 in her account but the amount of the check is $500, which the bank pays. This is
A. a dishonored check. B. an overdraft. C. a postdated check. D. a stale check.