Bob Purchased a New Washing Machine from a Local Department

question 48

Multiple Choice

Bob purchased a new washing machine from a local department store.He paid for the washing machine by check.Two days later,Bob discovered that the washing machine did not work.Bob telephoned the bank and issued an oral stop-payment order on the check.Which of the following will be true for an oral stop-payment order?

• A)An oral stop-payment is not valid for more than 24 hours.
• B)An oral stop-payment is valid for only 14 days unless Bob confirms it in writing during that time.
• C)An oral stop-payment is not valid for more than 48 hours.
• D)An oral stop-payment order is valid for 6 months and can be extended for another 6 months by giving the bank instructions to continue.

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Definitions:

Per Capita GDP

A measure of the total economic output of a country divided by the number of people, reflecting the average economic performance per person.

Natural Capital Degradation

The decline in the quality and quantity of natural resources such as air, water, and soil due to human activities or natural processes.

Economic Development

The process of improving the economic well-being and quality of life for a community, by increasing incomes and reducing poverty.

Pollution Cleanup

The removal of pollutants from the environment, including soil, water, and air, to reduce their harmful effects on human health and ecosystems.