Where the First Knowledge of Termination Received by a Bank

question 44

Multiple Choice

Where the first knowledge of termination received by a bank employee is from an automated bank machine that refuses to return their staff-encoded credit card on the basis of "Staff privilege revoked",

• A) the dismissal is unjust.
• B) an action for punitive damages may succeed.
• C) the bank has engaged in tactics of constructive dismissal.
• D) All of the responses are correct.
• E) None of the responses are correct.

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Definitions:

Net Present Value

A method used in capital budgeting to evaluate and compare the profitability of investments, which calculates the difference between the present value of cash inflows and outflows.

Concentration Accounts

A single account used by companies to aggregate funds from different accounts, simplifying cash management.

Lockboxes

A banking service where payments are sent to a special post office box rather than to the company's offices, to speed up transaction processing.

Disbursement Float

The time lag between when a payment is made by writing a check and when the funds are actually removed from the payer's account.