Ferdinand Bought a Boat from Isabelle

question 48

Multiple Choice

Ferdinand bought a boat from Isabelle. The price was $100 000. She required payment to be made by way of a cheque. Which of the following statements is TRUE?

• A) By writing a cheque, Ferdinand will create an order that requires the drawee to credit his bank account.
• B) Isabelle will not be able to cash Ferdinand's cheque unless she has a bank account.
• C) If Ferdinand creates a valid cheque, his bank owes him an obligation to honour that negotiable instrument.
• D) Ferdinand can create a cheque by ordering his sister, Esmeralda, to pay $100 000 to Isabelle.
• E) As soon as Ferdinand creates a valid cheque, Isabelle will acquire rights against the drawee.

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Definitions:

Standard Of Living

A measure of the wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Compensation

The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed.

Repatriation Support

Assistance provided to employees and their families to help them adjust and reintegrate into their home country after an international assignment.

Communication

The exchange of information, ideas, messages, and emotions between individuals or groups, crucial for effective functioning in personal and professional settings.