Before an Indorser Can Be Held Responsible for Payment of a Check,the

question 48

True/False

Before an indorser can be held responsible for payment of a check,the check must be presented to the drawee bank for payment.

---

Definitions:

High-context Japan

A reference to the Japanese culture being high-context, where communication is heavily reliant on implicit understanding and non-verbal cues, compared to direct verbal communication.

Exchanging Business Cards

A formal introduction and networking practice where individuals exchange cards containing business and contact information during professional meetings or events.

Ethnocentric Orientation

A viewpoint that evaluates other cultures according to the standards and customs of one's own culture, often leading to cultural bias and misunderstanding.

Local Managers

Managers who are responsible for overseeing operations within a specific geographic location, understanding the local market, culture, and business practices.