a potential problem when a check is made out to \cash\ is that\nif the check was written over 7 days ago, it…

a potential problem when a check is made out to \cash\ is that\nif the check was written over 7 days ago, it cannot be cashed.\nif the check is lost, it can be cashed by anyone.\nthe check cannot be deposited into a savings account.\nthe check can only be cashed at a check - cashing store.

a potential problem when a check is made out to \cash\ is that\nif the check was written over 7 days ago, it cannot be cashed.\nif the check is lost, it can be cashed by anyone.\nthe check cannot be deposited into a savings account.\nthe check can only be cashed at a check - cashing store.

Answer

Brief Explanations:

When a check is made out to "cash", it is a bearer - instrument. This means that whoever holds the check can cash it. So if it is lost, anyone who finds it can cash it. The other statements are incorrect. There is no general 7 - day rule for cashing checks made out to cash, it can be deposited into a savings account in many cases, and it is not restricted to being cashed only at check - cashing stores.

Answer:

if the check is lost, it can be cashed by anyone.