Which of the Following Is NOT a Duty of a Collecting

question 29

Multiple Choice

Which of the following is NOT a duty of a collecting bank in the collection process?

• A) Duty of care.
• B) Duty to act in a timely manner.
• C) Duty to honor a valid stop payment order.
• D) Duty to honor a restrictive endorsement.

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Definitions:

Cones

Cone-shaped photoreceptors that transmit sensations of color.

National Honor Society

An organization in the United States that recognizes high school students for their achievements in scholarship, leadership, service, and character.

Law of Continuity

A principle in Gestalt psychology stating that elements that are arranged on a line or curve are perceived to be more related than elements not on the line or curve.

Fovea

A tiny pit located in the macula of the retina, responsible for sharp central vision necessary for activities like reading.