Which of the Following Is NOT a Duty of a Collecting

question 46

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:

Defense Mechanism

Psychological strategies that individuals unconsciously use to protect themselves from anxiety arising from unacceptable thoughts or feelings.

Induction

A method of reasoning in which general principles are derived from specific observations, opposite of deduction.

Psychogenic

Refers to symptoms or conditions that originate from mental or emotional causes rather than physical ones.

Repression

Repression is a psychological defense mechanism where unpleasant thoughts, memories, or desires are kept out of conscious awareness.