If a Check Is Marked "Paid in Full," Which of the Following

question 3

Multiple Choice

If a check is marked "paid in full," which of the following is true under the UCC?

• A)If a business inadvertently cashes such a check,the business has 90 days from the date it cashed that check to offer repayment in the same amount to the debtor and avoid an accord and satisfaction.
• B)If a business inadvertently cashes such a check,the business has 120 days from the date it cashed that check to offer repayment in the same amount to the debtor and avoid an accord and satisfaction.
• C)The business has no recourse,and the debt is deemed discharged and satisfied.
• D)If a business inadvertently cashes such a check,the business has 30 days from the date it cashed that check to offer repayment in the same amount to the debtor and avoid an accord and satisfaction.
• E)If a business inadvertently cashes such a check,the business has 60 days from the date it cashed that check to offer repayment in the same amount to the debtor and avoid an accord and satisfaction.

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Definitions:

Personal Deficiencies

The lack or inadequacy of certain traits, skills, or qualities within an individual, which may affect their performance or social interactions.

Modeling

The process of learning behaviors, attitudes, or emotional reactions through observing and imitating others, often discussed in the context of social learning theory.

Subjects

In a research context, individuals or groups participating in a study.

Perceived

Regarded, understood, or interpreted in a certain way by an individual, based on their personal understanding and interpretation.