A Check Received After Banking Hours Is Considered Constructively Received

question 25

True/False

A check received after banking hours is considered constructively received by the payee even though the check cannot be converted to cash.

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Definitions:

Volunteer

A person who offers services or work for an organization or cause without expecting monetary compensation.

Life Review

A therapeutic process often used in counseling or psychotherapy that involves reflecting on past experiences and significant life events to gain insight or achieve resolution.

Long-term Care

Services and support provided to individuals with chronic health issues or disabilities over an extended period.

Failed Marriage

A marriage that has ended in separation or divorce.