20 - NR275.BUS.241.35.SP11 - ( [Spring 2011] BUS 241-35:...

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NR275.BUS.241.35.SP11 - ([Spring 2011] BUS 241-35: Business Law I) Assignments ... Module 5 Practice Test Review Test Submission: Module 5 Practice Test Review Test Submission: Module 5 Practice Test User Kristen M Ritch Submitted 3/5/11 6:15 PM Name Module 5 Practice Test Status Completed Score 0 out of 100 points Time Elapsed 6 seconds out of 2 hours and Instructions Question 1 If a customer's debit card is lost or stolen, the customer will not be liable for any unauthorized use of the card. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 2 Steve steals one of Tricia's checks and forges her signature. Tricia's bank, Unity Bank, pays the check. Tricia can recover from Selected Answer: [None Given] Correct Answer: Unity Bank, which can recover from Steve. 0 out of 2 points Question 3 A bank that fails to detect an alteration to its customer's check is liable to the customer for the loss. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 4 Dru signs a check "pay to the order of Eppie" drawn on Dru's account in First Federal Bank. Greta forges Eppie's indorsement. First Federal pays the check. Most likely Selected Answer: [None Given] Correct Answer: First Federal will have to recredit Dru's account. 0 out of 2 points Question 5 A bank has no right to charge a customer's account for the amount of a stale check. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 6 0 out of 2 points NR275.BUS.241.35.SP ([Spring 2011] BUS 241-35: Business Law I) Announcements Assignments Course Documents Discussion Board My Grades Communication Tools Resources
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Generally, a cash deposit is not available for withdrawal until the next business day. Selected Answer: [None Given] Correct Answer: True Question 7 Elmo pays First National Bank $1,000 plus a service fee to draw a check on itself made payable to Go Delivery Service. This is Selected Answer: [None Given] Correct Answer: a cashier's check. 0 out of 2 points Question 8 A stale check is one that has been outstanding for longer than one month. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 9 A bank that has certified a check is under no obligation to accept it. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 10 Jen signs a check "pay to the order of Key" drawn on Jen's account in Little Bank to buy Key's car. Jen asks Little Bank to indicate on the face of the check that it will accept it when Key presents it for payment. If the bank agrees, this will be Selected Answer: [None Given] Correct Answer: a certified check. 0 out of 2 points Question 11 Paris knowingly divulges to Media Exposure magazine information about Randy's e-money payments to City Bank. The payments were in transmission to City Bank when Paris, without the consent of Randy or City Bank, discovered and revealed them. This may be a violation of Selected Answer: [None Given] Correct Answer:
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20 - NR275.BUS.241.35.SP11 - ( [Spring 2011] BUS 241-35:...

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