There are precautions to be observed when accepting checks.Match whether the following statements are considered a best practice (good policy)or not a best practice (not good policy).Note: Answers may be used more than once.
-Accept a check marked "paid in full" unless it does pay the full balance

Question

​There are precautions to be observed when accepting checks.Match whether the following statements are considered a best practice (good policy)or not a best practice (not good policy).Note: Answers may be used more than once.
-Accept a check marked "paid in full" unless it does pay the full balance

Quizplus · Accepted Answer

Accepting a check marked "paid in full" when it does not actually cover the full balance owed can legally be interpreted as an agreement to settle the debt for the lesser amount, which is why it's not considered a good policy.

​There Are Precautions to Be Observed When Accepting Checks

There Are Precautions to Be Observed When Accepting Checks