Fact Pattern 19-2 Tom Draws a Check, on His Account in State Bank

question 38

Multiple Choice

Fact Pattern 19-2
Tom draws a check, on his account in State Bank in New York, payable to Digital Media, Inc., in San Francisco. Digital deposits the check in its account at First National Bank.
-Refer to Fact Pattern 19-2. Digital's bank is

• A) the cashing bank.
• B) the depositary bank.
• C) the intermediary bank.
• D) the payor bank.

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Definitions:

Ambiguous Genitalia

A condition present at birth where the external genitals do not have the typical appearance of either a male or female.

Sex Variant Genitalia

Refers to a range of physical variations in the genitalia that do not fit typical binary notions of male or female bodies.

Glass Ceiling

An invisible barrier that prevents marginalized or minority groups, particularly women, from advancing beyond a certain level in a hierarchy or organization, despite qualifications or achievements.

Precarious Employment

Employment that includes, but is not limited to, part-time, temporary, or contract work with uncertain hours, low wages, and limited to no benefits.