An Indorser Is Discharged If a Check Is Not Presented

question 63

Multiple Choice

An indorser is discharged if a check is not presented for payment or given to a depositary bank for collection within ____ days of the indorsement.

• A) ten
• B) fourteen
• C) thirty
• D) ninety

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Definitions:

Short Periods

Brief durations of time, often referring to time frames that do not extend long into the future.

Relationships

Connections or interactions between individuals or groups that can influence communication, collaboration, and performance within an organization.

Choice

The act of selecting from among available alternatives, reflecting personal judgment or preference.

Bureaucratic Procedures

Established, formal rules and protocols typically found within large organizations, aimed at standardizing and controlling processes.