XYZ Bank Pays a Check That Contains a Restrictive Indorsement

question 53

Multiple Choice

XYZ Bank pays a check that contains a restrictive indorsement "for collection." This indicates that:

• A)the bank has paid the check illegally.
• B)the bank has not acted in good faith.
• C)the bank was negligent with the payment of the check.
• D)the bank has converted the check.

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Definitions:

Multiplying Cells

The process by which cells divide and increase in number, contributing to growth and healing.

Placenta

An organ that develops in a female's uterus during pregnancy, providing oxygen and nutrients to the growing baby while removing waste products from the baby's blood.

Gestation Period

The time span from conception to birth in mammals, typically varying based on species.

Fetal

Pertaining to a fetus, which is a developing baby from the end of the eighth week after conception until birth.