Which of the Following Was the Result in the Case

question 78

Multiple Choice

Which of the following was the result in the Case Opener, involving the check taken in good faith by a market, later returned to the market based on a stop payment order, and purchased from the market by the plaintiff who sued Cigna, the issuer of the check?

• A) The plaintiff was allowed to recover under the shelter principle and holder-in-due-course status.
• B) The plaintiff was not allowed to recover because he took the check knowing of a problem.
• C) The plaintiff was allowed to recover because the market misrepresented the status of the check.
• D) The plaintiff was not allowed to recover because of the shelter principle and holder-in-due-course status.
• E) The plaintiff was not allowed to recover because the market misrepresented the status of the check.

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Definitions:

Cognitive Dissonance Theory

The theory that we act to reduce the discomfort (dissonance) we feel when two of our thoughts (cognitions) are inconsistent. For example, when our awareness of our attitudes and of our actions clash, we can reduce the resulting dissonance by changing our attitudes.

Cognitive Dissonance

The mental discomfort experienced by a person who holds contradictory beliefs, ideas, or values at the same time.

Situational Attribution

The process of assigning the cause of behavior to environmental factors rather than to internal traits or motivations.

Role-Playing

A method or scenario in which individuals assume roles and act them out in a simulated context, often used in training, therapy, or educational settings.