Fact Pattern 27-1B

question 79

Multiple Choice

Fact Pattern 27-1B
Tom draws a check, on his account in State Bank in New York, payable to Digital Computers, Inc., in San Francisco. Digital deposits the check in its ac?count at First National Bank. First National deposits the check in the Federal Reserve Bank of San Francisco, which transfers it to the Federal Reserve Bank of New York. That Federal Reserve bank sends the check to State Bank.
-Refer to Fact Pattern 27-1B. When Digital's bank received the check, it was required to pass it on

• A) before midnight of the next banking day.
• B) before midnight of the next day, whether or not it was a "banking" day.
• C) before noon of the next banking day.
• D) within five business days.

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Definitions:

Diagnosing

The process of identifying a disease or condition based on its signs and symptoms through examination and tests.

Autoerotic Asphyxia

A dangerous sexual practice involving self-induced suffocation to heighten pleasure during masturbation.

Visual Signs

Observable indicators or symptoms that can be seen visually, often critical for diagnosis in medical and other fields.

Voyeuristic

Relating to or characterized by an interest in observing unsuspecting individuals, typically for sexual gratification.