After Initially Receiving Notice of Dishonor,when Must Parties Other Than

question 25

Multiple Choice

After initially receiving notice of dishonor,when must parties other than a collection bank give notice of dishonor to a secondarily liable party?

• A)Before midnight of the next day
• B)Within 48 hours
• C)Within 7 days
• D)Within 10 days
• E)Within 30 days

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Definitions:

Service-Quality Dimension

Different aspects or factors that contribute to the evaluation of service quality, such as responsiveness, reliability, assurance, empathy, and tangibles.

Texas A&M

A renowned public research university located in College Station, Texas, known for its contributions to academics, research, and athletics.

Reliability

The degree to which a product, service, or system consistently performs according to its intended or designed function over time.

TQM

Total Quality Management, a systematic approach to management that seeks to improve quality and performance which will meet or exceed customer expectations.