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:

The Lone Eagle

A nickname for Charles Lindbergh, an American aviator who made the first solo nonstop flight across the Atlantic Ocean in 1927.

News Hero

An individual who becomes prominent in news media for their actions or achievements, often depicted as admirable or heroic.

White-Collar Workers

Employees who perform professional, managerial, or administrative work, typically in an office setting.

Job Benefit

An advantage or perk that comes with employment, beyond the salary, such as health insurance, retirement plans, or paid vacation.