Lockbox Refers To

question 14

Multiple Choice

Lockbox refers to:

• A)customers send payments to a post office box the bank maintains.
• B)customers send payments to company's mail box that has a lock.
• C)customers send payments to collection company's mail box.
• D)None of the above

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Definitions:

Execution

The process of carrying out a court order or judgment, including the legal procedures involved in enforcing rights or the carrying out of the terms of a legal document.

Negligent Misrepresentation

The act of unintentionally providing false information that others rely upon, leading to financial loss or damage.

Elements Of Fraud

Elements of Fraud include the intentional misrepresentation or concealment of an important fact upon which the victim is meant to rely, and does rely, resulting in harm to the victim.

Material

Refers to the physical substances or components that are used to make or build something.