Assuming a Proper and Timely Claim Is Made,which of the Following

question 50

Multiple Choice

Assuming a proper and timely claim is made,which of the following is true regarding the UCC's allowance of full recovery in the event that certain types of checks are lost,stolen,or destroyed?

• A)The UCC allows for full recovery if a cashier's check or certified check is lost,stolen,or destroyed;but full recovery is not allowed if a teller's check is lost,stolen,or destroyed.
• B)The UCC allows for full recovery if a cashier's check is lost,stolen,or destroyed;but in regard to a teller's check or certified check,full recovery is only allowed if the instrument is lost or stolen,not if it is destroyed.
• C)The UCC allows for full recovery if a cashier's,certified,or teller's check is lost,stolen,or destroyed.
• D)Because individuals are expected to properly safeguard checks,the UCC does not allow for recovery if a cashier's,teller's,or certified check is lost,stolen,or destroyed.
• E)The UCC allows for full recovery if a cashier's check is lost,stolen,or destroyed;but full recovery is not allowed if a teller's check or certified check is lost,stolen,or destroyed.

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Definitions:

Separation of Powers

A model of governance where the state's government is divided into branches, each with separate and independent powers and areas of responsibility to prevent any one branch from exercising the core functions of another.

National

Pertaining to or characteristic of a nation; a term that can refer to aspects related to a country such as policies, identity, or affairs.

Primary Objectives

The main or most important goals, purposes, or targets that an individual, group, or organization aims to achieve.

Law

A system of rules created and enforced through social or governmental institutions to regulate behavior.