Which of the Following Statements Is True Regarding the Relationship

question 18

Multiple Choice

Which of the following statements is true regarding the relationship of law and ethics?

• A) The legal requirements will almost always be the same as the ethical requirements because the law is based on the ethical standards.
• B) In some cases ethics will require a higher standard of conduct than the law,but never vice versa.
• C) In some cases the law will require a higher standard of conduct than ethics,but never vice versa.
• D) Depending on the circumstances,the law can require a higher,lower,or the same standard of conduct as ethics demands.

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Definitions:

Signature Card

A form signed by a bank customer that the bank uses to verify signature authenticity on all checks.

Forgeries

Illegal alterations or productions of documents, currency, or other items with the intent to deceive.

Customer's Bank Account

The bank account of a customer, used for transactions between the customer and a company.

Restrictive Endorsement

An endorsement on a check or other financial instrument limiting the way the funds can be used or restricting further endorsement.