Maia Wrote a Check Which Said,"Pay to the Order of Kevin

question 39

Multiple Choice

Maia wrote a check which said,"Pay to the order of Kevin Mathews $10.97." The next line of the check stated,"One thousand ninety-seven Dollars." In applying the rules of interpretation,how much should the drawee pay?

• A)Nothing;when the instrument is ambiguous it is declared non-negotiable.
• B)Ten dollars and 97 cents.Numbers control over words.
• C)One thousand,ninety-seven dollars or $1,097.00.Words control over numbers.
• D)Parol evidence would be needed to determine the purpose of the check.

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Definitions:

Customers' Goals

The objectives or desired outcomes that customers aim to achieve through purchasing goods or services.

Substitute Products

Goods or services that can serve as replacements for each other, satisfying similar customer needs or desires.

Competition

The rivalry among businesses to attract customers and achieve higher sales, profits, and market share.

Discounted Future Profits

The present value of a company's projected future profits, adjusted for time and risk.