Which of the Following Defeats a Bank's Liability for Failing

question 47

Multiple Choice

Which of the following defeats a bank's liability for failing to observe a stop-payment order?

• A)That the order was oral rather than written.
• B)That the bank was not given 14 days to obey the order.
• C)That the bank paid a person against whom the customer did not have a defense.
• D)That the bank has the customer sign a disclaimer holding the bank harmless for its failure to exercise ordinary care and good faith regarding its handling of stop-payment orders.

Comprehend key determinants for developing close, trusting relationships between leaders and their teams.

Differentiate between autocratic and democratic leadership styles and their impact on team dynamics.

Analyze the effect of environmental and situational factors on leadership effectiveness.

Grasp the principles of the LMX model and its application in differential leadership.

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Definitions:

Selling Short

The investment strategy of selling securities one does not currently own, with the expectation of buying them back later at a lower price.

Mark-To-Market

An accounting method where the value of assets and liabilities is adjusted to their current market values rather than being recorded at their original cost.

Tax Year

A 12-month period used for tax purposes, determining the timeframe over which income, deductions, and tax payments are calculated and reported.

Realize

To convert assets into cash or to acknowledge revenue or a profit in accounts.