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Under Revised Article 4, If a Bank Pays a Postdated

question 42

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Under Revised Article 4, if a bank pays a postdated instrument prior to its date, it will be a proper debit to the drawer's account, unless the drawer had timely informed the drawee that the check was postdated.

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Definitions:

Labour-Management Relations

The interactions between employees, often represented by unions, and employers concerning workplace decisions, wages, working conditions, and disputes.

Work Environment

The setting, conditions, and culture in which an employee performs their job, including physical, psychological, and social factors.

Development

The process of growth, progress, or positive change within an individual, organization, or society.

Performance Potential

The capacity or ability of an individual or organization to achieve and exceed established goals or targets in a given period.

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