In the Case in the Text,Valley Bank of Ronan V

question 69

Multiple Choice

In the case in the text,Valley Bank of Ronan v.Hughes,the court held that:

• A)the bank was liable because it was negligent.
• B)the bank failed to exercise ordinary care when it assured Hughes that the check was as good as cash.
• C)failure of any bank to exercise ordinary care affects its charge back rights.
• D)the bank's actions with regard to check processing was irrelevant when determining whether it exercised ordinary care when exercising its charge back rights.

---

Definitions:

One-Sample T-Test

A statistical test used to determine whether the mean of a sample differs significantly from a known or hypothesized population mean under the assumption of a normally distributed single sample.

Parametric Counterpart

A statistical method or test that assumes the underlying data follows a particular distribution, often used in contrast to nonparametric methods.

Randomized Block

A design for experiments where subjects are divided into blocks and then randomly assigned to treatments.

Spearman's Rank-Correlation

A nonparametric measure of rank correlation that assesses how well the relationship between two variables can be described using a monotonic function.