Use the Fact Situation in Q5 to Answer the Related

question 33

Multiple Choice

Use the fact situation in Q5 to answer the related question that follows. When Albert advised the bank that the cheque was lost and put the stop payment on it,he then asked the bank to replace it with another certified cheque.The bank responded by telling Albert that it would only replace the cheque if Albert entered into an indemnity agreement with the bank indemnifying the bank in the event the cheque was found and presented for payment.In this case,

• A)the bank can refuse to replace the lost certified cheque because it always has the right to refuse to honour any negotiable instrument.
• B)the bank can refuse to replace the lost certified cheque unless Albert agrees to give it the indemnity agreement.
• C)the bank cannot refuse to replace the lost certified cheque with another one because Albert is the original drawer.
• D)the bank cannot refuse to replace the lost certified cheque because the stop payment is effective to protect the bank if the original certified cheque is presented for payment.
• E)none of the above

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Definitions:

Shocking Experience

A profoundly disturbing or startling event that can drastically affect an individual's psychological state or worldview.

Externalizing Problems

Refers to behaviors that are directed outwardly, often manifesting as aggression or disruptive behaviors towards others.

Aggressive Behaviors

Actions that are intended to cause harm or assert dominance over others, often exhibited through physical or verbal means.

Vandalism

The deliberate destruction or damage to public or private property.