If a Check Is Not Honored, the Bank Is Liable

question 66

True/False

If a check is not honored, the bank is liable to the payee or to the holder in a civil suit.

Understand the impact of social media on organizational reputation.

Identify best practices for responding to negative comments on social media.

Recognize the role of stakeholder engagement in managing social media challenges.

Differentiate between groups that are most likely to spread false information online.

---

Definitions:

Bona Fide Purchaser

An innocent buyer for valuable consideration who purchases goods without notice of any defects in the title of the goods acquired.

Regular Course

This term typically refers to actions or operations that are conducted in the normal and usual manner, according to established patterns or procedures.

Sale on Approval

A conditional sales agreement in which the buyer has the right to return the product within a specified period if it does not meet their satisfaction.

Buyer's Creditors

Individuals or entities to whom the buyer owes money and who may have claims against the buyer's property or assets.