Under the Revised Article 3,a Check Deposited in a Depositary

question 42

Multiple Choice

Under the Revised Article 3,a check deposited in a depositary bank without indorsement:

• A)makes the bank a holder of an item delivered to it only if the customer indorses it.
• B)makes the bank a holder of an item delivered to it for collection whether or not the customer indorses it.
• C)makes the customer the holder only if the bank indorses it at the time of delivery.
• D)makes the customer the holder only if the bank at the time of delivery qualified as a holder.

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Definitions:

"Useless" Idea

An idea perceived as having no practical value or immediate benefit, though it may have potential for future application or innovation.

Ratio Schedule

A type of reinforcement schedule in behavioral psychology where a response is reinforced only after a specified number of responses, often used in training and behavior modification.

Continuous Schedule

A reinforcement schedule in which a reward follows every correct response.

Fixed Interval Schedule

A schedule in operant conditioning where a response is rewarded after a specified amount of time has passed.