Which Data Are Generally Not Included on a Check

question 15

Multiple Choice

Which data are generally not included on a check?

• A) Date of the check
• B) Signature of the party writing the check
• C) Address of the payee
• D) Amount the bank is to pay the payee
• E) Name of the bank on which the check was drawn

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Definitions:

Principal

In finance, the principal is the initial amount of a loan or the amount of an investment excluding any interest or profit earned.

Agency by Ratification

An arrangement where a principal formally approves an act performed by someone who did not have the authority to act as their agent at the time of the act.

Ratification Requirements

Key provisions that must be met for an agreement or treaty to be officially approved and adopted by the involved parties.

Ratification to Be Effective

The process through which formal validation or approval is given, making an agreement officially valid.