Which of the Following Is NOT a Duty of a Collecting

question 23

Multiple Choice

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

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

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Definitions:

Sexual Liberalities

The acceptance or advocacy of more open and permissive attitudes toward sex and sexuality, often challenging traditional norms.

Rudolph Valentino

An Italian-American actor who became a major sex symbol in the early 20th century through his roles in silent films.

Charlie Chaplin

A British comedian, filmmaker, and composer who became a global icon through his screen persona "The Tramp" during the silent film era, known for his contributions to cinematic art and his commentary on social issues.

Demographic Factors

the characteristics of a population segment, such as age, gender, education, and income, which can influence trends in markets and societies.