The Standard Form of a Check Is Automatically Payable on Demand

question 45

True/False

The standard form of a check is automatically payable on demand.

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Definitions:

Stockbroker

A professional who buys and sells stocks and other securities on behalf of clients, typically for a commission or fee.

Valentine's Gift

A present given to express affection or love on Valentine's Day, typically symbolizing romantic interest or appreciation.

Assignment

The transfer of rights or property from one party to another.

Delegation

The act of transferring responsibility and authority from one person to another while maintaining accountability for the outcome.