If the Party That Dishonors an Instrument Is a Collecting

question 70

Multiple Choice

If the party that dishonors an instrument is a collecting bank,when must notice of the dishonor be given to a secondarily liable party by the collecting bank?

• A)Within 10 days
• B)Within 30 days
• C)Before midnight of the next day
• D)Within 7 days
• E)Within 48 hours

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Definitions:

Late-Onset Schizophrenia

Schizophrenia that appears for the first time in someone of middle age or older, typically after the age of 40.

Persecutory Nature

The characteristic of feeling as though one is being consistently wronged, harassed, or targeted by others.

Social Anxiety Disorder

A mental health condition characterized by intense fear or anxiety in social situations, leading to avoidance behavior.

Specific Phobia

An excessive and irrational fear of a specific object, scenario, or situation that leads to substantial distress or impairment in social, occupational, or other areas of functioning.