This Tests a Numerical Amount to Ensure That It Does

question 17

Multiple Choice

This tests a numerical amount to ensure that it does not exceed a predetermined value nor fall below another predetermined value.

• A) Completeness check
• B) Field check
• C) Limit check
• D) Range check

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Definitions:

Holder In Due Course

A party that acquires a negotiable instrument in good faith and for value, and is thus protected from many defenses that could be raised against the original payee.

Consumer Credit Contract

A legal agreement between a borrower and a lender where the lender provides the borrower with credit for personal, family, or household purposes.

Misdirected Payment

Misdirected payment occurs when a payment is sent to an incorrect party or destination, either due to error or misunderstanding.

Bankruptcy

A lawful method that enables individuals or enterprises in financial distress to pursue exemption from part or all of their financial liabilities.