Identify the Additional Duties Implied on the Bank with Respect

question 24

Short Answer

Identify the additional duties implied on the bank with respect to the banking contract by common law and banking practice.

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Definitions:

Negative Reinforcement

A behavioral psychology concept involving the removal of an unpleasant stimulus to increase the likelihood of a desired response.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, eventually comes to trigger a conditioned response.

Fixed Ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus.