Which of the Following Defeats a Bank's Liability for Failing

question 47

Multiple Choice

Which of the following defeats a bank's liability for failing to observe a stop-payment order?

• A)That the order was oral rather than written.
• B)That the bank was not given 14 days to obey the order.
• C)That the bank paid a person against whom the customer did not have a defense.
• D)That the bank has the customer sign a disclaimer holding the bank harmless for its failure to exercise ordinary care and good faith regarding its handling of stop-payment orders.

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Definitions:

Ethic Of Ultimate Ends

A moral philosophy that evaluates actions by their consequences or ultimate outcomes, often associated with utilitarianism.

Max Weber

A German sociologist, economist, and political scientist known for his theory on the structure of authority and his insights on the development of capitalism.

National Leaders

Individuals holding positions of significant political authority or influence over a country, usually involved in decision-making and governance.

Ethical Theories

are systematic and coherent frameworks used to guide moral decision-making, encompassing principles like utilitarianism, deontology, and virtue ethics.