Under Revised Article 4, If a Bank Pays a Postdated

question 42

True/False

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:

Productivity

The measure of how efficiently goods and services are produced, often evaluated as output per unit of input.

Theory X

The assumption that people dislike work, lack ambition, act irresponsibly, and prefer to be led.

Motivating

The process of stimulating someone's interest or enthusiasm for doing something.

Responsibility

The state or fact of having a duty to deal with something or of having control over someone; the state of being accountable.