Blane Indorsed His Paycheck in Blank and Cashed It at a Store

question 50

Multiple Choice

Blane indorsed his paycheck in blank and cashed it at a store where he was a well-known customer.The check was then stolen from the store.The store immediately notified Blane's employer,who gave the drawee bank a stop payment order.The thief indorsed the check in a false name and transferred the check to a gas station/convenience store,which took the check in good faith and for value.The check was dishonored when presented to the drawee bank.Which of the following statements is true?

• A) The thief was a holder within the Code definition and could negotiate the check.
• B) The thief could not negotiate the check because he forged the indorsement.
• C) The gas station/convenience store is entitled to nothing from the drawer of the check.
• D) The gas station/convenience store could not be a holder in due course because it took the check from a thief.

Grasp the legal and contractual foundations guiding the cancellation and termination of insurance policies.

Analyze the effects of misrepresentation in insurance applications and the enforceability of policies under such circumstances.

Understand the general effectiveness of psychotherapy and how it compares to untreated conditions.

Identify the types and conditions under which psychotherapy is empirically supported.

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Definitions:

Overhead Rates

The ratio used to allocate manufacturing overhead costs to units produced or services provided, based on a specific formula or allocation base.

Setup Labour

The work and time involved in preparing equipment or machines for a new production run, often considered a manufacturing overhead cost.

Setup For One Run

The preparation and adjustment activities required to switch a production process or machine from making one product or batch to another.

Activity Cost

The financial sum associated with carrying out a specific business task or operation, usually involved in budgeting and accounting.