Employers Company Draws a Check Payable to Felipe

question 72

Multiple Choice

Employers Company draws a check payable to Felipe. Felipe indorses the back and negotiates the check to Guarantors Bank. Primarily liable on the check is

• A)Employers Company.
• B)Felipe.
• C)Guarantors Bank.
• D)none of the choices.

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Definitions:

Labor

The physical and mental effort used in the production of goods and services.

Positive Supply

A market condition where suppliers are willing to offer goods or services at a particular price level.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at those prices.

Plaster

A mixture of lime, sand, water, and sometimes other materials, applied to walls and ceilings to create a smooth or decorative surface.