David Wrote a Check to Sage for $3,000 on His

question 61

Multiple Choice

David wrote a check to Sage for $3,000 on his account at Greater Good Bank. He then took it to his bank for certification. The bank wrote "certified" on the face of the check. David then gave the check to Sage . When Sage took the check to Greater Good  Bank, they refused to pay, claiming that there was not enough money in David's account to cover the check. Which of the following is correct?

• A) Greater Good  Bank is primarily liable on the check, because it has already accepted it.
• B) Sage has no recourse under these circumstances.
• C) David is secondarily liable on the check, because he is the drawer.
• D) Greater Good  Bank must pay the check, but they may charge David a fee to do so.

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Definitions:

Neophobia

The fear of anything new or unfamiliar, often observed in the context of food or environments.

Basal Metabolic Rate

The number of calories required to keep your body functioning at rest, also known as metabolism.

Hunger

The physiological state characterized by a desire or need to consume food for energy.

Learning Experiences

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