if you write a check for $6,000 to a car dealer for a used car when you have only $1,857.18 in your checking…

if you write a check for $6,000 to a car dealer for a used car when you have only $1,857.18 in your checking account (and no overdraft protection), what is likely to happen? a. you will likely get to keep the car that the bounced check paid for. b. you can never write another check as long as you live. c. you will only be charged a bank fee for bouncing the check. d. you will likely be arrested for bouncing a large - value check.

if you write a check for $6,000 to a car dealer for a used car when you have only $1,857.18 in your checking account (and no overdraft protection), what is likely to happen? a. you will likely get to keep the car that the bounced check paid for. b. you can never write another check as long as you live. c. you will only be charged a bank fee for bouncing the check. d. you will likely be arrested for bouncing a large - value check.

Answer

Brief Explanations:

Writing a check for more than the available balance in an account without overdraft protection is called bouncing a check. In most cases, for a large - value check like this, the bank will not honor it. The car dealer will not receive the money, and legal consequences can follow. Option A is incorrect because the check is bounced, so the purchase is likely invalid. Option B is an extreme and incorrect statement. Option C is too simplistic as there can be more serious consequences than just a bank fee for a large - value bounced check. Option D is correct as bouncing a large - value check can be considered a criminal offense in many places and may lead to arrest.

Answer:

D. You will likely be arrested for bouncing a large - value check.