The Legal Effect of a Stale Check Is Which of the Following

question 27

Multiple Choice

The legal effect of a stale check is which of the following?

• A) The drawee bank cannot pay it.
• B) The drawer is no longer liable on it.
• C) The bank is not under an obligation to pay it.
• D) The payee must get the drawer to redate it.

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Definitions:

Self-Actualization

The process of realizing and fulfilling one's potential, talents, and capabilities, considered the highest level of psychological development in Maslow's hierarchy of needs.

Metapathology

The absence of values, lack of fulfillment, and the void that results from failing to actualize one’s self, according to Maslow’s theories.

Self-Actualizers

Individuals who have achieved the highest level in Maslow's hierarchy of needs, focusing on creativity, problem-solving, and ethical standards, having fulfilled all lower-level needs.

Actualization Tendency

The basic human motivation to actualize, maintain, and enhance the self.