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Question
When a customer deposits a check to her account without an indorsement, then the bank:
A. puts the sign of the manager under the typed name of the customer.
B. signs the customer's name.
C. stamps the name of the bank on the check to cover for the customer's signature.
D. stamps on it that it was deposited by the customer.
Answer
This answer is hidden. It contains 240 characters.
Related questions
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Which Section of The Clayton Act originally prohibited local and territorial price discrimination by sellers?
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Q:
The maximum penalty for a criminal violation of the 1933 Act is a:
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B. $10,000 fine and five years' imprisonment.
C. $20,000 fine and five years' imprisonment.
D. $10,000 fine and one year imprisonment.
Q:
Nast Corp. orally engaged Baker & Co., CPAs, to audit its financial statements. The management of Nast informed Baker that it suspected the accounts receivable were materially overstated. Although the financial statements audited by Baker did, in fact, include a materially overstated accounts receivable balance, Baker issued an unqualified opinion. Nast relied on the financial statements in deciding to obtain a loan from Century Bank to expand its operations. Nast has defaulted on the loan and has incurred a substantial loss. If Nast sues Baker for negligence in failing to discover the overstatement, Baker's best defense would be that:
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