Asked by Bethany Ramos on May 11, 2024
Verified
Accept a third-party check
A) best practice (good policy)
B) not a best practice (not a good policy)
Third-Party Check
A check transaction in which the original recipient endorses the check to another party, allowing them to cash or deposit it.
- Outline superior approaches to ensure check legitimacy and protect from fraudulent schemes.
- Comprehend the potential security concerns when receiving postal money orders and third-party checks.
Verified Answer
DV
Dallasbekillen VelezMay 13, 2024
Final Answer :
B
Explanation :
Accepting a third-party check is generally not considered a best practice because it increases the risk of fraud and complications in verifying the authenticity of the check and the authority of the person endorsing it.
Learning Objectives
- Outline superior approaches to ensure check legitimacy and protect from fraudulent schemes.
- Comprehend the potential security concerns when receiving postal money orders and third-party checks.