QUESTION: 172

The Reserve Bank may recover by charging any account on its books maintained by the sender if:

The Reserve Bank makes written demand to sender to assume defense of the proceeding
Any action by the Reserve Bank within is the scope of its authority in handling the item
The sender has not made any other payment arrangement acceptable to the Reserve Bank
There is any warranty made by the Reserve Bank

Answer(s): A,C

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QUESTION: 172

The Reserve Bank may recover by charging any account on its books maintained by the sender if:

The Reserve Bank makes written demand to sender to assume defense of the proceeding
Any action by the Reserve Bank within is the scope of its authority in handling the item
The sender has not made any other payment arrangement acceptable to the Reserve Bank
There is any warranty made by the Reserve Bank

Answer(s): A,C

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QUESTION: 172

The Reserve Bank may recover by charging any account on its books maintained by the sender if:

The Reserve Bank makes written demand to sender to assume defense of the proceeding
Any action by the Reserve Bank within is the scope of its authority in handling the item
The sender has not made any other payment arrangement acceptable to the Reserve Bank
There is any warranty made by the Reserve Bank

Answer(s): A,C

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__________ is an agent or a subagent of the owner of an item; agency terminates when it receives payment for an item in finally collected funds and makes the proceeds available to the sender, and the time for commencing all actions against it has expired.

Clearing agent
The Reserve Bank
Foreign bank
Foreign banker

Answer(s): B

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Free CRCM Exam Braindumps (page: 130)

QUESTION: 172

QUESTION: 172

QUESTION: 172

QUESTION: 173

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