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Chapter 18 - Bank-depositor relationships and cyber-banking. After completing this chapter, students will be able to: Clarify the bank’s duties in the bank–depositor relationship, clarify the depositor’s duties in the bank–depositor relationship, explain a drawer’s rights in relation to a stop-payment order,. | Business Law with UCC Applications,13e Bank-Depositor Relationships and Cyber-Banking Chapter 18 McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Learning Objectives Clarify the bank’s duties in the bank–depositor relationship. Clarify the depositor’s duties in the bank–depositor relationship. Explain a drawer’s rights in relation to a stop-payment order. Explain the extent of the insurance protection provided by the FDIC. List the different terms used to describe banks during the bank collection process. Learning Objectives (cont.) Outline a check’s life cycle. Describe the principal features of the Check 21 Act. Describe the consumer protection features of the Check 21 Act. Describe the process of an electronic fund transfer. Discuss the protection given to consumers by the Electronic Fund Transfer Act. Bank-Depositor Relationships and Cyber-Banking The Bank–Depositor Relationship The Bank’s Duties The Depositor’s Duties Stop-Payment Rights | Business Law with UCC Applications,13e Bank-Depositor Relationships and Cyber-Banking Chapter 18 McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Learning Objectives Clarify the bank’s duties in the bank–depositor relationship. Clarify the depositor’s duties in the bank–depositor relationship. Explain a drawer’s rights in relation to a stop-payment order. Explain the extent of the insurance protection provided by the FDIC. List the different terms used to describe banks during the bank collection process. Learning Objectives (cont.) Outline a check’s life cycle. Describe the principal features of the Check 21 Act. Describe the consumer protection features of the Check 21 Act. Describe the process of an electronic fund transfer. Discuss the protection given to consumers by the Electronic Fund Transfer Act. Bank-Depositor Relationships and Cyber-Banking The Bank–Depositor Relationship The Bank’s Duties The Depositor’s Duties Stop-Payment Rights Insured Accounts Bank-Depositor Relationships and Cyber-Banking The Bank’s Duties Duty to Honor Orders Death or Incompetence of Customer Forged and Altered Checks Availability of Funds Midnight Deadline Bank-Depositor Relationships and Cyber-Banking The Depositor’s Duties Bad Checks Duty to Examine Accounts Antedated and Postdated Checks Bank-Depositor Relationships and Cyber-Banking Stop-Payment Rights Bank’s Right of Subrogation Bank-Depositor Relationships and Cyber-Banking Bank Deposits and Collections Bank Descriptions A Check’s Life Cycle Bank-Depositor Relationships and Cyber-Banking Cyber-Banking The Check 21 Act Electronic Fund Transfers The Electronic Funds Transfer Act The Global Financial Cybercrisis Bank-Depositor Relationships and Cyber-Banking The Check 21 Act Original Checks No Longer Returned Consumer Protection Bank-Depositor Relationships and Cyber-Banking Electronic Fund Transfers ATM, Debit, and Combination Cards Bank-Depositor Relationships and Cyber-Banking The .