Which of the Following Is a Duty Imposed Upon a Customer

question 57

Multiple Choice

Which of the following is a duty imposed upon a customer by common law, with respect to the banking relationship between the customer and his or her bank?

• A) to make use of restrictive endorsements whenever possible
• B) to maintain adequate funds for issued cheques in an account
• C) to detect unauthorized instructions within a reasonable time
• D) to safeguard PINs from unauthorized use

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Definitions:

Identical Twin

A twin resulting from the fertilization of a single egg that then splits, sharing exactly the same genetic material.

Alcohol Dependence

A medical condition characterized by an addictive need for and use of alcohol, despite adverse effects on health.

Adopted

The status of having been legally taken by another or others as a member of their family, not by birth but by choice and legal agreement.

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Threadlike structures made of DNA molecules that contain the genes.