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.

Question

Quizplus · Accepted Answer

Under the UCC, if a business does inadvertently cash a "paid-in full" check, it has 90 days to offer the debtor repayment in the same amount.

Which of the Following Is True Under the UCC Regarding