At our institution, we have a universal late policy. We would like the option of setting the late policy at the sub-account level, so that a specific late policy can be applied to all gradebooks for that institution. The institution would also like to lock that policy, so that instructors cannot change it. We definitely do not want instructors each defining their own late policy. Perhaps this could also serve the user who suggested allowing the Late Policy option to be turned off at the account level -- They could just set the late policy option to no late policy.
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