Drawers Sometimes Write Checks That Omit Certain Information,such as the Amount

question 31

Multiple Choice

Drawers sometimes write checks that omit certain information,such as the amount of the check or the payee's name,either on purpose or by mistake.These are called ________ checks.

• A) implied-in-fact
• B) implied-in-law
• C) equitable
• D) conditional
• E) incomplete

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Definitions:

Consumption Possibilities

The different combinations of goods and services that a consumer can afford to purchase at given prices and income levels.

Price of Beer

The cost at which beer is sold, influenced by factors such as production costs, taxes, and market demand.

Price of Pizza

The cost at which pizza is sold or purchased, which can vary based on ingredients, size, and location.

Jon's Budget

A specific example referring to the budget allocated or controlled by an individual named Jon.