Toby writes a check drawn on San Fran Bank to Austin, Austin deposits the check in L.A. Bank, which sends the check to Napa Bank, which retu...

Question

Toby writes a check drawn on San Fran Bank to Austin, Austin deposits the check in L.A. Bank, which sends the check to Napa Bank, which returns the check to San Fran Bank for payment. State the role and designations of each bank in this process.

Answer

This sounds like a law school question