Which of the Following Holds True for the Uniform Commercial

question 21

Multiple Choice

Which of the following holds true for the Uniform Commercial Code Article 4?

• A) The effect of "pay any bank" indorsement means that the bank may not specially indorse the check to a person who is not a bank.
• B) A depository bank may not supply any indorsement of the customer necessary to title if the check contains words such as "payee's indorsement required."
• C) Under Section 4-212(1), as long as the settlement is final, a collecting bank has the right to "charge-back" or refund if the check is dishonored.
• D) If the settlement is provisional, the collecting bank cannot claim a refund.
• E) The warranties given in the collection process cannot be disclaimed as to checks.

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Definitions:

Unemployed

The state of not having a job or employment, often measured as part of a country's workforce.

Non-Hispanic White Male

A demographic term referring to men who identify as White and are not of Hispanic or Latino origin.

Asian American Female

An individual who identifies as a woman, of Asian descent, and living in or has cultural ties to America.

Dopamine

A neurotransmitter involved in reward, motivation, memory, attention, and even regulating body movements.