If a bank pays a check in cash to the payee, and the check isreturned to the drawer with the next bank statement, the bank’ssettlement is said to be A. final. B. honored. C. provisional. D.in due course.
Expert Answer
Ans: A. final
Explanation: Final settlement is a situation in which a payerbank (1) pays a check in cash, (2) settles for a check withouthaving a right to revoke the settlement, or (3) fails to dishonor acheck within certain statutory time periods