If a Bank Pays on a Check Even Though It

question 20

True/False

If a bank pays on a check even though it has a "stop payment order," the bank is liable to the customer only if the customer can prove a loss because of the payment.

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Definitions:

Action Identification Theory

A psychological theory that examines how individuals understand and conceptualize their actions, ranging from low-level details to high-level purposes.

Possible Losses

Potential negative outcomes or detriments that could occur as a result of a decision or action.

Possible Gains

Refers to the potential benefits or positive outcomes that might be achieved in a certain situation.

Tradeoffs

The balancing act of giving up one thing to gain another, often used in discussions about decision-making processes.