Preventive Maintenance Is Nothing More Than Keeping the Equipment and Machinery

question 86

True/False

Preventive maintenance is nothing more than keeping the equipment and machinery running.

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Definitions:

Collecting Bank

A bank that handles the presentation of payment documents, such as checks, for a depositor.

Endorser

A person who signs a negotiable instrument on the back to transfer ownership or to guarantee payment to someone else.

Secondarily Liable

Refers to the obligation to pay a debt or fulfill an obligation only if the primary party responsible fails to do so.

Drawer

The party that writes or creates a bill of exchange, such as a check, commanding a payment to be made to a specified person or entity.