Po Hung Gives a Cheque for $10,000 to Connected Construction

question 73

Multiple Choice

Po Hung gives a cheque for $10,000 to Connected Construction Inc. as a down payment on a renovation project to his building. Connected Construction signs the cheque over to its bank to pay a bank loan of $10,000. Connected Construction only does $5,000 worth of the work and disappears. The bank has cashed the cheque and the full $10,000 has been taken out of Po Hung's account. Which of the following is true?

• A)Po Hung can recover $10,000 from the bank.
• B)Po Hung can recover $5,000 from the bank
• C)Po Hung can recover nothing from the bank
• D)The bank and Po Hung must split the loss of $5,000 equally
• E)Po Hung cannot successfully sue Connected Construction Inc. for any money

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Definitions:

G Proteins

A family of proteins that act as molecular switches inside cells, involved in transmitting signals from stimuli outside the cell to its interior.

Alpha Subunits

Components of G-protein coupled receptor complexes involved in transmitting signals from a wide variety of receptors into the interior of the cell.

Sympathetic Nervous System

A part of the autonomic nervous system that serves to accelerate the heart rate, constrict blood vessels, and raise blood pressure, commonly activated in response to stress or fear.

Parasympathetic Nervous System

A division of the autonomic nervous system responsible for conserving energy and promoting a state of calmness and rest.