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:

Progressive brain disease

Disorders of the brain that gradually worsen over time, affecting cognitive functions, motor skills, and other neurological functions.

Paranoid delusions

False beliefs typically characterized by suspicion or the belief that one is being persecuted or conspired against.

Alzheimer's disease

A progressive neurodegenerative disorder characterized by memory loss, cognitive decline, and personality changes.

Asperger's syndrome

A developmental disorder characterized by significant difficulties in social interaction and nonverbal communication, along with restricted and repetitive patterns of behavior and interests.