A Check Received After Banking Hours Is Considered Constructively Received

question 25

True/False

A check received after banking hours is considered constructively received by the payee even though the check cannot be converted to cash.

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Definitions:

Open-System Thinking

A perspective that views organizations as entities influenced by, and interacting with, their external environments.

Modern View

A contemporary perspective that emphasizes current trends, techniques, and modes of thinking within a given field.

Technological Entities

Objects or organizations that are primarily focused on or comprised of technology, often contributing to advancements and innovations in their field.

Social Entities

Refer to groups or organizations that are focused on social objectives and activities, rather than profit-making.