Assuming a Proper and Timely Claim Is Made, Which of the Following

question 9

Multiple Choice

Assuming a proper and timely claim is made, which of the following is true regarding the UCC's allowance of full recovery in the event that certain types of checks are lost, stolen, or destroyed?

• A) The UCC allows for full recovery if a cashier's check is lost, stolen, or destroyed; but full recovery is not allowed if a teller's check or certified check is lost, stolen, or destroyed.
• B) The UCC allows for full recovery if a cashier's check or certified check is lost, stolen, or destroyed; but full recovery is not allowed if a teller's check is lost, stolen, or destroyed.
• C) The UCC allows for full recovery if a cashier's, certified, or teller's check is lost, stolen, or destroyed.
• D) The UCC allows for full recovery if a cashier's check is lost, stolen, or destroyed; but in regard to a teller's check or certified check, full recovery is only allowed if the instrument is lost or stolen, not if it is destroyed.
• E) Because individuals are expected to properly safeguard checks, the UCC does not allow for recovery if a cashier's, teller's, or certified check is lost, stolen, or destroyed.

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Definitions:

Cognitive Theory

A theory focusing on the understanding of mental processes such as perception, memory, thought, and problem solving.

Task at Hand

This phrase refers to the immediate job, work, or activity that requires attention or completion without delay.

Behavioral Theorist

A scholar who studies and contributes to the understanding of behaviors by emphasizing the effects of learning and environment on actions.

Reward Members

A strategy of providing benefits, incentives, or recognition to members of a group or organization to encourage desired behaviors.