What Options Does a Payee Have Who Is Holding a Check

question 115

Multiple Choice

What options does a payee have who is holding a check payable to her?

• A) She must seek payment directly from the drawee bank.
• B) She must seek payment on the check, either directly from the drawee bank or by depositing the check in her account at her own bank.
• C) She may seek payment form the drawee bank, seek payment by depositing the check in her account at her own bank, or she may indorse the check to another person, so long as the indorsement has been approved by the drawer.
• D) She may seek payment from the drawee bank, seek payment by depositing the check in her account at her own bank, or she may indorse the check to another person, so long as the indorsement has been approved by the drawee.
• E) She may seek payment from the drawee bank, seek payment by depositing the check in her account at her own bank, or she may indorse the check to another person, and such indorsement does not need the approval of the drawer or drawee.

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Definitions:

Unconditional Positive Regard

A concept in psychology emphasizing the acceptance and support of a person regardless of what the person says or does, especially in the context of client-centered therapy.

Client-Centered Therapy

A form of psychotherapy developed by Carl Rogers that emphasizes the therapeutic relationship and the client's capacity for self-directed growth.

Cognitive Therapy

A type of psychotherapy that helps individuals identify and correct distorted thinking patterns that can lead to negative emotions and behaviors.

Genuineness

The quality of being open, authentic, and sincere in one's interactions with others.