If a Bank Pays a Check Whose Face Has Been

question 9

Multiple Choice

If a bank pays a check whose face has been altered to increase the amount above that which the drawer intended to pay, the bank:

• A) is liable to the drawer for the amount of the increase.
• B) is liable to the drawer for the full amount of the check.
• C) incurs liability only if it failed to examine the check before payment.
• D) incurs liability only if the drawer made the alteration.

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Definitions:

Kotler and Armstrong

Refer to authors Philip Kotler and Gary Armstrong, known for their contributions to marketing principles and textbooks.

Collecting Data

The process of gathering information from various sources for analysis in order to make informed decisions or understand trends.

Market Research

The process of gathering, analyzing, and interpreting information about a market, including about the potential customers and competitors.

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, traditionally categorized into product, price, place, and promotion.