Notice of dishonor of an instrument must be given:
a. by a bank before midnight of the third banking day following the banking day on which it receives notice of dishonor.
b. by a bank before midnight on the next banking day following the banking day on which it receives notice of dishonor.
c. by a nonbank, with respect to an instrument taken for collection, within three business days following the day on which it received notice.
d. in all situations within seven calendar days following the day on which dishonor occurred.
b
You might also like to view...
Which of the following statements, regarding the management's discussion and analysis (MD&A) part of the annual report is NOT correct?
A) Investors are not interested in the MD&A because it is written by the company and could present a biased view of the company's financial condition and performance. B) It often contains information that is not found in the financial data. C) It provides forward-looking formation. D) The MD&A is the company's attempt to explain its financial statements and to discuss its performance.
How does the team problem-solving process differ from the pinch theory reconciliation process?
a. It emphasizes clarification of the problem up front. b. It helps parties to the conflict understand each other’s perspectives. c. It better utilizes the unique perspectives of parties to the conflict. d. It prevents the conflict from escalating to a more intense problem.
Answer the following statements true (T) or false (F)
Currently, expense is recognized when an incentive stock option is granted.
The narrow category-based diversity definitions are determined by:
a. Differences in identity among group members in relation to other groups b. Differences in worldviews or subjective culture, resulting in behavioral differences among cultural groups c. Discrimination legislation that includes gender, racial and ethnic groups, national origin, disability and age d. Such variables as marital status and education, as well as skills and years in the organization