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CTP · Question #490
CTP Question #490: Real Exam Question with Answer & Explanation
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Question
- (Topic 5) Which of the following business practices does NOT comply with the Uniform Commercial Code?
Options
- AA company reconciles its bank statements within 30 days of receipt.
- BA company receives a check marked "paid in full" and disputes it 120 days later.
- CA bank exercises ordinary care when it examines signatures on checks received.
- DA bank elects to return stale-dated items.
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