Which of the Following Is NOT a Duty That a Collecting

question 34

Multiple Choice

Which of the following is NOT a duty that a collecting bank has in the collection process?

• A) Duty of care
• B) Duty to act timely
• C) Duty to honor a valid stop payment order
• D) Duty to honor a restrictive indorsement

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Definitions:

Great Depression

A severe worldwide economic downturn that took place during the 1930s.

Microsystem

In ecological systems theory, this term refers to the immediate environments with which an individual interacts, such as family, school, and workplace.

Critical Period

A specific time frame in the early stages of an organism's life during which it is particularly sensitive to certain environmental stimuli that are essential for proper development.

Human Fetus

A developing human from the end of the embryonic period, approximately nine weeks after fertilization, until birth.