The Delivery of a Check Is Regarded as an Assignment

question 26

True/False

The delivery of a check is regarded as an assignment of money on deposit,and the drawee bank is required to pay the holder the amount of the check.

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Definitions:

Single-Member Districts

Electoral districts that elect only one representative to a legislative body, typically by a simple majority vote.

Proportional Representation

An electoral system where parties gain seats in proportion to the number of votes cast for them, as opposed to a winner-take-all system.

Andrew Jackson

The seventh President of the United States (1829–1837) known for his populist approach, founding the Democratic Party, and policies leading to the Trail of Tears.

Democratic Party

One of the two major contemporary political parties in the United States, characteristically supporting liberal, progressive policies.