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question 22

Multiple Choice

_{53. A(n) imposes partnership duties and liabilities upon a nonpartner who has either represented himself or}
Consented to be represented as a partner.

• A) accounting
• B) delectus personae
• C) fiduciary proceeding
• D) partnership by estoppel

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Definitions:

Electronic Funds Transfer (EFT)

The electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, through computer-based systems.

Proximately Caused

The action that directly leads to a specific effect or outcome, establishing a clear causal link in legal responsibility.

ATM

An Automated Teller Machine that allows bank customers to perform financial transactions, such as withdrawals and deposits, electronically without a human teller.

Payor Bank

The bank that is responsible for paying the check or draft as specified by the person making the payment.