In Which of the Following Situations Has Conversion NOT Occurred

question 13

Multiple Choice

In which of the following situations has conversion NOT occurred?

• A) When an instrument is paid on a forged indorsement.
• B) When any person to whom an instrument is delivered for payment refuses on demand to pay or to return it.
• C) When a drawee to whom a draft is delivered for acceptance properly returns it upon request.
• D) When a bank pays an instrument containing only one of two required indorsements.

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Definitions:

Cumulative Frequency

The sum of a class and all classes below it in a frequency distribution.

Frequency Polygon

A graphical representation of the distribution of a dataset that shows the frequency of data points within certain intervals.

Variation

A term describing the extent to which data points in a dataset differ from each other and from the mean.

Class Interval

A fixed range of values, used in the creation of a frequency distribution.