Shoshanna Drafted a Complete Cheque and Made It Payable to Bearer

question 10

Multiple Choice

Shoshanna drafted a complete cheque and made it payable to bearer. She placed it in her desk drawer. She intended to give it as a prize to whichever student achieved the highest grade in her business law class. The cheque was stolen. After passing through several hands, it came into Ethan's possession. Which of the following statements is TRUE?

• A) Ethan can enforce the cheque against Shoshanna because he has possession of the cheque and therefore is considered an immediate party.
• B) Ethan can enforce the cheque against Shoshanna if he is a holder in due course.
• C) Shoshanna merely has a personal defence as a result of the theft.
• D) Shoshanna has a real defence as a result of the theft.
• E) Ethan can enforce the cheque against Shoshanna if he is a holder.

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Definitions:

Consumer Perceptions

Consumer perceptions are the attitudes, beliefs, and impressions that consumers have towards a product, brand, or service, influencing their purchasing decisions.

Relationship and Image Costs

Relationship and Image Costs entail the expenses associated with building and maintaining relationships with stakeholders and the cost of developing and preserving a company's public image.

Conventional Environmental Costs

Traditional costs associated with environmental management, including prevention, detection, and remediation of environmental damage.

Hidden Environmental Costs

Costs related to environmental damage that are not immediately apparent or directly billed but have long-term financial impacts.