Which of the Following Defences Is Available to the Drawer

question 38

Multiple Choice

Which of the following defences is available to the drawer of a cheque who is being sued by a holder in due course of a negotiable instrument?

• A)The cheque was obtained through breach of contract.
• B)The payee was negligent.
• C)The drawer's signature was a forgery.
• D)The cheque was obtained through misrepresentation.
• E)A and B

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Definitions:

CEO Semco

Refers to the Chief Executive Officer of Semco, a Brazilian company known for its radical form of corporate democracy and industrial democracy.

Organization's Hierarchy

The structured arrangement of roles, responsibilities, and power within an organization, defining how decisions flow and work is delegated.

Organizational Culture

The collective norms, values, and beliefs that affect how employees within an organization think, feel, and act.

Role Modeling

A behavioral strategy where a person serves as an example for others to emulate, often utilized for teaching or promoting specific skills, attitudes, or behaviors.