Which of the Following Statements Is True of the Code

question 21

Multiple Choice

Which of the following statements is true of the code of Hammurabi?

• A)The code failed to limit the degree to which vengeance could be pursued.
• B)The code excluded wealthy men,and women,but it applied to lower-class individuals,and slaves.
• C)The code limited the amount of punishment that could be imposed to what was appropriate for the degree of harm.
• D)The code is an unwritten set of 282 laws passed on from one generation to another by word-of-mouth.

Grasp the legal implications of actions such as forgery, fraud, and unauthorized transactions in banking.

Understand the concepts of electronic fund transfers and the technologies enabling these transactions.

Recognize the consumer protection laws related to banking transactions and electronic fund transfers.

Identify the procedures and time frames for reporting lost or stolen payment instruments or unauthorized transactions.

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Definitions:

Payment

The transfer of money, goods, or services as compensation for an obligation or debt.

Collateral

refers to assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default.

Tangibles

Physical assets that can be touched and seen, such as machinery, buildings, and land, as opposed to intangible assets like stocks or patents.

Set Off

A legal defense that allows a debtor to counterbalance a claim from a creditor with a claim of their own against the creditor.