Which of the following statements is true about the UCC's requirements of a bank's duty to provide information to its customers?

a. The UCC requires banks to issue monthly statements to checking account customers.

b. Banks must return cancelled checks in monthly bank statements

c. Banks are not required to issue statements, but if they do, the statement must provide either the cancelled checks or a list of check numbers, amounts and dates of payment.

d. Banks are not required to return cancelled checks, but must keep the originals on file for three years.


c

Business

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What will be an ideal response?

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What will be an ideal response?

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A social responsibility theory of business which says that a corporation's duty is to make a profit while avoiding causing harm to others is referred to as ________

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