Following Describes Relationship Drawee Bank Customer Drawee Bank Becomes Debtor Customer Q34260083

Which of the following describes the relationship between thedrawee bank and its customer? A. The drawee bank becomes a debtorto the customer when the bank pays more than the customer has ondeposit. B. The drawee bank becomes the customer’s debtor at thetime of opening a checking account and agent while collectingchecks. C. The drawee bank becomes an insurer and the customer theinsured at the time of opening a checking account. D. The draweebank becomes a creditor and the customer becomes a debtor at thetime of opening a checking account.

Expert Answer

B. The drawee bank becomes the customer’s debtor at the