A financial institution is liable to its customer if an electronic terminal has insufficient cash for a withdrawal of up to $100
Indicate whether the statement is true or false
False
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Under the Uniform Commercial Code, a buyer in the ordinary course of business:
A. does not act in good faith. B. is one who buys goods from a merchant, knowing that the sale violates the ownership rights of a third party. C. takes goods free of any security interest in the goods that his or her seller may have given a third party. D. is a person who transacts only with nonmerchants.
Which of the following statements is true about the Spending Potential Index?
A. It compares what retailers spend on real estate in a given market and compares it to the national average. B. It compares the local average expenditure by product to the national average amount spent. C. It is an index that provides retailers who are thinking of expanding into international markets with data on what consumers spend. D. It compares sales predictions based on various retail locations. E. It offers retailers information on property values as well as local tax information so they are better able to compare prior to purchasing.
Under the last-in, first-out (LIFO) method, the cost of goods sold is based on the oldest purchases
Indicate whether the statement is true or false
What level of the federal court system did the Kearns case reach?
a. Federal district court b. U.S. Court of Appeals c. U.S. Supreme Court d. The case never went to court; it was settled