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Wilson Is the Payee for a Check Written by Fred

Question 46

Multiple Choice

Wilson is the payee for a check written by Fred.Cash Credit Corporation (CCC) accepts the check from Wilson as part of a payment.CCC cannot become a HDC if


A) the check has been transferred more than once.
B) the check has been outstanding for one week.
C) the check has been outstanding for more than ninety days.
D) there are bankruptcy proceedings against Fred.

Correct Answer:

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