Terry Has a Business in Which He Visits with Clients

question 30

Essay

Terry has a business in which he visits with clients' pet cats in the clients' home while the client is out of town.The primary purpose is to prevent the cats from becoming psychotic due to the owner's absence.Terry contracted to visit Valerie's cat daily for a two-week period when Valerie was on vacation.Because Terry charged by the hour,Valerie gave Terry a signed check with the amount blank for Terry to fill in based on $10 per hour.While visiting with Valerie's cat,Terry noticed a check on Valerie's desk that had the amount of $100 filled in,but no payee and no signature.Terry took the check,converted the $100 to $1,000 and signed Valerie's name.Terry then filled out the check that Valerie had given him in the amount of $10,000,rather than the $200 he had earned at $10 per hour.Terry transferred both checks to a holder in due course,who later seeks payment from Valerie.How much must Valerie pay on each of these checks?

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Definitions:

Laryng/o

A prefix related to the larynx or voice box, often used in medical terminology.

Cheyne-Stokes Respiration

A pattern of breathing characterized by a gradual increase in the depth of breaths followed by a decrease, resulting in temporarily stopped breathing, often seen in cases of heart failure or brain damage.

Rhinoplasty

A surgical procedure to change the shape of the nose for cosmetic reasons or to improve breathing.

Laryngitis

Inflammation of the voice box (larynx) usually resulting in hoarseness or loss of voice.