Ana Issues a Check Drawn on Best Bank Payable to the Order

question 62

Multiple Choice

Ana issues a check drawn on Best Bank payable to the order of Best, who indorses the check and cashes it at Discount Mart. Discount deposits the check into the store's account at El Centro Credit, which presents it for payment to Best Bank. The drawee's payment of the check in good faith to El Centro discharges the liability of

• A)none of the parties.
• B)all of the parties.
• C)Ana and Best Bank only.
• D)Best Bank only.

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Definitions:

Home Heating

The process of increasing the temperature of an indoor space for comfort, typically achieved through systems like furnaces, boilers, or heat pumps.

Monopolists

Entities or individuals that have exclusive control over the supply of a particular good or service, potentially leading to distorted markets and higher prices.

Internalize

The process of absorbing or incorporating the costs or benefits of a transaction or activity, which were previously external to a market decision-maker, into their own decision-making process.

Nationalized

Refers to industries or assets that have been transferred from private to government ownership.