Sarah Has a Checking Account at First Bank

question 61

Multiple Choice

Sarah has a checking account at First Bank.Orrin steals one of her blank checks, writes a check for $250 to himself, and then forges Sarah's signature.Orrin then indorses the instrument to Paul in payment of a debt.Paul presents the instrument to First Bank for payment.At First Bank's request, Paul indorses the instrument, and the bank then pays him $250.Which of the following is correct?

• A)Paul has no contractual liability on the instrument.
• B)Orrin has no contractual liability on the instrument.
• C)Sarah has no contractual liability on the instrument.
• D)All of these are correct.

Evaluating the impact of modern bureaucracy on societal structures, focusing on Zygmunt Bauman's analysis.

Understand the main concepts of classic sociological theories and theorists.

Identify and differentiate between micro and macro levels of analysis in sociology.

Recognize the theories that focus on the power and significance of the micro level.

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Definitions:

Increase in Income

An upward movement in an individual's or a nation's earnings, due to factors like higher wages, investment returns, or business profits.

Decrease in Quantity

A reduction in the amount of a good or service produced or consumed.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, typically represented by the area above the supply curve and below the market price.

Equilibrium Price

The market price at which the quantity of a good or service demanded equals the quantity supplied, balancing out buying and selling pressures.