Which of the Following Defeats a Bank's Liability for Failing

question 47

Multiple Choice

Which of the following defeats a bank's liability for failing to observe a stop-payment order?

• A)That the order was oral rather than written.
• B)That the bank was not given 14 days to obey the order.
• C)That the bank paid a person against whom the customer did not have a defense.
• D)That the bank has the customer sign a disclaimer holding the bank harmless for its failure to exercise ordinary care and good faith regarding its handling of stop-payment orders.

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Definitions:

Human Relations

The study and management of how individuals in a work setting interact with each other, with a focus on improving job satisfaction, team dynamics, and organizational culture.

Effective Leadership

The ability of a leader to inspire, influence, and guide individuals or teams towards achieving goals and objectives.

Leadership Style

The characteristic approach and strategy adopted by a leader when directing, motivating, and managing groups of people.

Intrinsic Factors

Internal motivators that drive a person's behavior, such as personal satisfaction, interest in the task, and feelings of achievement.