Mark Gives a Bearer Note for $50 to Joe in Exchange

question 49

Multiple Choice

Mark gives a bearer note for $50 to Joe in exchange for an excellent dinner at Joe's restaurant.Joe delivers the note to Sue for $50 and Sue takes it to Mark to be paid.If Mark says the note was originally written for only $5, what can Sue do?

• A) Get $50 from Mark.
• B) Hold Joe liable for breach of warranty.
• C) Hold Joe liable for breach of contract.
• D) Any of these.

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Definitions:

Unions

Organizations that represent the collective interests of workers in negotiations with employers over wages, working conditions, and benefits.

Farming Cooperative

An agricultural organization owned and operated by a group of farmers who pool their resources to gain advantages in production, marketing, and purchasing.

Economic Situation

The state of the economy at a specific time, including factors like employment, GDP, inflation rates, and market health.

Farmers' Alliance

A broad mass movement in the rural United States during the late 19th century, which sought to improve the economic conditions for farmers through the creation of cooperatives and political advocacy.