Which of the Following Is NOT a Duty That a Collecting

question 34

Multiple Choice

Which of the following is NOT a duty that a collecting bank has in the collection process?

• A) Duty of care
• B) Duty to act timely
• C) Duty to honor a valid stop payment order
• D) Duty to honor a restrictive indorsement

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Definitions:

Sociological Imagination

The ability to see the relationship between individual experiences and the larger society, as coined by C. Wright Mills.

Social Forces

The external social structures, institutions, and cultural norms that influence individuals' behavior, choices, and interactions within society.

Sociological Imagination

The ability to see the connection between personal experiences and larger social forces.

Cultural Practices

The habitual activities and norms that define a culture, including religious rituals, marriage ceremonies, and dietary habits.