Processing Float Is the Delay Between the Receipt of a Check

question 237

True/False

Processing float is the delay between the receipt of a check by a payee and its deposit in firm's account.

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Definitions:

Theories Of Recovery

Various legal principles and strategies plaintiffs can use to obtain compensation or enforce rights in civil lawsuits.

Product Liability

An area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause.

Common Elements

Portions of property that are part of a multi-unit dwelling that are not owned by any individual owner, but instead are shared and maintained by all owners, such as lobbies, halls, and recreational facilities.

Strict Product Liability

The legal responsibility of a seller or manufacturer for any injury caused by selling or manufacturing a defective product, regardless of negligence or fault.