List the Steps Involved in Nominal Group Method

question 80

Essay

List the steps involved in nominal group method.

---

Definitions:

Stale Check

A check that is more than 90 days past the date on its face; banks do not owe a duty to their customers to pay any such checks more than six months past the dates on their face.

Good Faith

Good faith refers to an honest intention to act without taking an unfair advantage over another party, often emphasized in contractual agreements and negotiations.

Six Months

A period of time equivalent to half a year or approximately 182 to 183 days.

Stop-Payment Order

A request made to a financial institution to cancel the processing of a check or payment before it has been cleared.