Section 4-104 Defines "Item" as "An Instrument or a Promise

question 39

True/False

Section 4-104 defines "item" as "an instrument or a promise or order to pay money handled by a bank for collection or payment, including credit or debit card slip.

---

Definitions:

Subsistence

The means by which an individual or group sustains life, usually referring to basic necessities like food and shelter.

Socioeconomic Systems

The structured ways societies organize and distribute economic resources and social status among their members.

Rational And Adaptive

Describes actions or behaviors that are both logical, based on reason and evidence, and beneficial for adjustment or effectiveness in responding to specific challenges or environments.

Biologically Adapted

The processes through which organisms develop traits over generations that better enable them to survive and reproduce in their specific environments.