Under the Revised Article 3 of the Uniform Commercial Code, a check deposited in a depositary bank without indorsement makes the:

A. customer the holder only if the bank at the time of delivery qualified as a holder.
B. bank a holder of an item delivered to it only if the customer indorses it.
C. customer the holder only if the bank indorses it at the time of delivery.
D. bank a holder of an item delivered to it for collection whether or not the customer indorses it.


Answer: D

Business

You might also like to view...

Which of the following is not a principal factor influencing a business manager's choice of organizational form?

A) tax ramifications B) control considerations C) potential liability of owner(s) D) zoning and variances

Business

Social consequence entrepreneurship describes:

a. a for-profit venture whose primary market impact is financial b. a non-profit venture whose primary market impact is financial c. a non-profit venture whose primary market impact is social d. a for-profit venture whose primary market impact is social

Business

The difference between the situational interview and the behavioral description interview is that

A. there is no difference, the terms are synonymous. B. thesituational interview isfor technical positions, while thebehavioral description interviewapplies to upper-level management positions. C. the situational interview is hypothetical, while the behavioral description interview is based upon actual experience. D. the behavioral description interview is hypothetical, while the situational interview is based upon actual experience.

Business

Leaders and followers often overlook how changing the situation can help them to change their behavior.

Answer the following statement true (T) or false (F)

Business