Which of the following is NOT a duty that a collecting bank has in the collection process?
A) Duty of care
B) Duty to act timely
C) Duty to honor a valid stop payment order
D) Duty to honor a restrictive indorsement
C
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Adia filed a case against Chang in the court at Ohio. However, Chang had never visited Ohio and had no personal ties with anyone in Ohio. Chang could successfully argue that the court:
A. lacked personal jurisdiction. B. was limited by subject matter jurisdiction. C. did not have judges that would understand the language spoken by him. D. was in proximity to the place where Chang resides.
According to Ponemon Institute's 2017 survey, which of the following was not among the causes of the most costly cybercrimes?
A. malicious insiders B. malicious code C. denial of service D. botnets
The Siskiyou Manufacturing Company will collect an estimated $12,000,000 next year; and it will
receive an estimated 20,000 checks. Siskiyou's bank has offered to set up a lock-box system that will reduce float time by 4.5 days. The cost of the system will be $.15 per check. What is the minimum annual interest rate on its cash balance that Siskiyou should receive before it would be willing to adopt the lock-box system? A) 3.25% B) 1.07% C) 1.82% D) 2.03%
A major advantage of the informal approach is that the individuals performing the analysis require no additional skills
Indicate whether the statement is true or false.