Under the Most Modern Revision to Article 3,a Depositary Bank

question 28

True/False

Under the most modern revision to Article 3,a depositary bank cannot become a holder of a check that is deposited by a customer without an indorsement.

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Definitions:

CAD/CAM

Stands for Computer-Aided Design/Computer-Aided Manufacturing, it's a technology used for designing products and controlling manufacturing processes.

Flexible Manufacturing Systems

Systems designed to easily adapt to changes in the product being manufactured, allowing for more efficient production processes and customization.

Production Planning

The process of organizing the elements of production—such as labor, materials, and equipment—to efficiently produce goods and services.

Customer Satisfaction

Customer satisfaction measures how well a company's products or services meet or surpass the expectations of its customers.