Fact Pattern 26-1ASeymour writes a check on his account at Platinum Bank to Teri to pay a debt. Teri negotiates the check by indorsement to Rosanna, who presents it for payment to Onyx Bank.Refer to Fact Pattern 26-1A. If Onyx Bank dishonors the check, Rosanna can obtain payment from Teri

A. if Rosanna timely notifies Teri.
B. only if Seymour refuses to pay the check.
C. under any circumstances.
D. under no circumstances.


Answer: A

Business

You might also like to view...

Identify the two basic bribery schemes

a. Larceny and skimming b. Kickbacks and bid-rigging c. Economic extortion and illegal gratuity d. Lapping and extortion

Business

Rachel did whatever was possible to avoid engaging in any conflict with her roommates. What conflict style is Rachel expressing?

A. avoiding style B. competing style C. collaborative style D. accommodating style

Business

When you start to write, follow the standard conventions for business letters. Using the correct form, or ____________________, shows your professionalism and simplifies your task as a writer.

Fill in the blank(s) with the appropriate word(s).

Business

The spot price of the market index is $900. A 3-month forward contract on this index is priced at $930. The annual rate of interest on treasuries is 4.8% (0.4% per month)

What annualized rate of interest makes the net payoff zero? (Assume monthly compounding.) A) 4.8% B) 8.5% C) 11.2% D) 13.2%

Business