Multiple Choice
Which of the following is true under the UCC regarding checks marked "paid-in-full"?
A) If a business inadvertently cashes such a check, the business has 30 days from the date it cashed that check to offer repayment in the same amount to the debtor and avoid an accord and satisfaction.
B) If a business inadvertently cashes such a check, the business has 60 days from the date it cashed that check to offer repayment in the same amount to the debtor and avoid an accord and satisfaction.
C) If a business inadvertently cashes such a check, the business has 90 days from the date it cashed that check to offer repayment in the same amount to the debtor and avoid an accord and satisfaction.
D) If a business inadvertently cashes such a check, the business has 120 days from the date it cashed that check to offer repayment in the same amount to the debtor and avoid an accord and satisfaction.
E) The business has no recourse, and the debt is deemed discharged and satisfied.
Correct Answer:

Verified
Correct Answer:
Verified
Q27: Christen graduates from college,receives a job offer
Q28: In your opinion,should the law require that
Q29: Partial payment of a debt may or
Q29: [Bank Robbery] Safe Bank was robbed of
Q30: In return for his oral promise to
Q31: Sam offers Betty his bicycle for $75.Which
Q33: As a general rule,past consideration qualifies as
Q35: Which of the following should be the
Q36: Yolanda agrees to bathe and groom Wendy's
Q37: Which of the following is true regarding