Which of the Following Constitutes Constructive Receipt in 2016

question 57

Multiple Choice

Which of the following constitutes constructive receipt in 2016 ?

• A) A check received on December 29,2016.The check was postdated January 5,2017.
• B)A check received on January 4,2017.It had been mailed on December 29,2016.
• C)A rent check,received on December 31,2016,by the manager of an apartment complex.The manager normally collects rent for the owner who is out of town.
• D)A salary check received at 5:30 p.m.on December 31,2016,after all banks are closed.
• E)A paycheck received on December 26,2016.The check was not honored by the bank because the employer's account did not have sufficient funds

---

Definitions:

Court

An institution established by the government to settle disputes through a legal process, providing a forum where evidence is presented and legal judgments are made.

Consideration

Something of value (such as goods, services, or money) that is exchanged between parties in a contract, making the agreement legally binding.

Preexisting Duty Rule

A principle in contract law that holds an existing duty does not constitute consideration for a new promise.

Unforeseen Circumstances

Events or conditions that could not have been reasonably anticipated and that may affect the performance of contractual obligations.