Under the Revised Article 4

question 12

Multiple Choice

Under the Revised Article 4:

• A)a postdated check is not properly payable by the drawee bank until the date on the check.
• B)a postdated check presented for payment before the date on the check may be paid and charged to the customer's account unless he has given notice of it to the bank.
• C)postdating checks is illegal.
• D)a postdated check presented for payment before the date on the check will be returned to the customer and fees charged to his account.

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Definitions:

Positive Benefits

Advantageous or favorable outcomes that arise from a particular action or set of conditions, contributing to well-being or success.

Attitude Toward Time

An individual or cultural perception of time, emphasizing its value and importance, which impacts behavior and prioritization.

Cultural Difference

Variations in beliefs, behaviors, practices, and values among people from different societies or backgrounds.

Functional Conflict

Results in positive benefits to the group.