Kellie's Date of Possession for the Home She Recently Purchased

question 56

Multiple Choice

Kellie's date of possession for the home she recently purchased is October 1.Her lawyer instructed her to provide the cash to close by way of a certified cheque in the amount of $35 000,payable to "Sheps & Shaps LLP in trust," by September 29.Which of the following would Kellie most likely indicate as the reason her lawyer requires payment of these funds in this manner?

• A) It prevents the drawee from requesting a stop payment on the cheque.
• B) A cheque is a self-contained obligation, independent of any outside circumstances.
• C) The major risk involved with cheques relates to the financial health of the drawee.
• D) Risk is eliminated as payment of funds from bank reserves is guaranteed.

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Definitions:

Cortical Sinuses

Specialized vascular channels found in the spleen's cortex that aid in filtering the blood and immune response modulation.

Trabeculae

The network of bony structures in spongy bone that provide structural support and help reduce bone weight.

Spleen

An organ involved in blood filtration, immune response, and red blood cell recycling.

Red Blood Cells

Blood cells that carry oxygen from the lungs to the body tissues and carbon dioxide back to the lungs.