When a Bank Receives a Properly Drawn and Payable Check

question 28

Multiple Choice

When a bank receives a properly drawn and payable check and there are sufficient funds to cover the check, if the bank wrongfully dishonors the check, the bank _____.

• A) is liable to the drawer even if the depositor had ordered to stop payment
• B) may be liable to the drawer only if the depositor's credit rating had been injured
• C) is not liable for any damages to the drawer unless the bank dishonored the check intentionally, knowing it to be properly drawn and payable
• D) is liable for actual and consequential damages suffered by the drawer

Understand the basic principles and tools of financial statement analysis.

Identify and apply horizontal and vertical analysis techniques.

Distinguish between intracompany, intercompany, and industry comparisons.

Comprehend how to calculate percentage changes and interpret their significance in financial analysis.

---

Definitions:

Technical Matters

Issues or aspects that are concerned with the practical, mechanical, or procedural side of a subject, often requiring specialized knowledge or skills.

Staffing

The process of hiring, positioning, and overseeing employees in an organization to ensure that it is adequately staffed with qualified individuals.

Monitoring Subordinate

The act of overseeing the performance and activities of employees or team members to ensure compliance with standards and objectives.

Contingency Leadership

A leadership theory that emphasizes the importance of situational factors, such as the organizational environment and the nature of the task, in determining the most effective leadership style.