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Question
A bank's right or duty to charge a depositor's account for a check can be terminated when a:
A. stop-payment order from the depositor after the bank has certified a check.
B. depositor files a bankruptcy petition.
C. notice of garnishment of the account by the depositor.
D. creditor of the depositor files a bankruptcy petition after the notified cut-off hour on the banking day after the check is received.
Answer
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C. $20,000 fine and five years' imprisonment.
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