If a Check Is Marked "Paid in Full," Which of the Following

question 90

Multiple Choice

If a check is marked "paid in full," which of the following is true under the UCC?

• A) If a business inadvertently cashes such a check, the business has 30 days from the date it cashed that check to offer repayment in the same amount to the debtor to avoid an accord and satisfaction.
• B) If a business inadvertently cashes such a check, the business has 60 days from the date it cashed that check to offer repayment in the same amount to the debtor to avoid an accord and satisfaction.
• C) If a business inadvertently cashes such a check, the business has 90 days from the date it cashed that check to offer repayment in the same amount to the debtor to avoid an accord and satisfaction.
• D) If a business inadvertently cashes such a check, the business has 120 days from the date it cashed that check to offer repayment in the same amount to the debtor to avoid an accord and satisfaction.
• E) The business has no recourse, and the debt is deemed discharged and satisfied.

---

Definitions:

Self-efficacy

An individual’s belief in their own capability to execute behaviors necessary to produce specific performance attainments.

Motivation

The psychological process that initiates, guides, and maintains goal-oriented behaviors, often stemming from internal and external factors.

Task

A specific piece of work or activity to be done, usually as part of a larger project or responsibility.

Emotionally Involved

Experiencing strong feelings about someone or something, often affecting one's judgment or decisions.