If a Bank Pays a Check After It Is Given

question 43

Multiple Choice

If a bank pays a check after it is given a stop-payment order and has to reimburse its customer for the improperly paid check, _____.

• A) it acquires all the rights of its customer against the person to whom it originally made payment
• B) it will not acquire the rights arising from the transaction on which the check was based
• C) it acquires partial rights of its customer against the person to whom it originally made payment
• D) the customer to whom payment was made will retain all the rights

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Definitions:

Empowering Leadership

A leadership approach focused on delegating power to employees, enabling them to take initiative, make decisions, and solve problems autonomously.

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The total sum of all wages, benefits, and taxes that an employer incurs in compensation for the work performed by employees.

Strategic Decision Making

The process of making choices by identifying priorities, alternatives, and potential impacts, often under conditions of uncertainty, to achieve strategic goals.

Top Managers

Senior executives who are responsible for the overall direction and success of the entire organization.