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Ervin Signs a Check "Pay to the Order of Felicia

question 33

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Ervin signs a check "pay to the order of Felicia" drawn on Ervin's account in Garden Fields Bank. Based on a valid legal ground, Ervin later orders the bank not to pay the check, but the bank pays it over Ervin's order. Subsequent checks written on Ervin's account "bounce." Most likely liable for the costs to Ervin is

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Definitions:

C$ Per ¥1.00

The exchange rate expressing the value of one Canadian dollar in terms of Japanese yen.

Decreases

The process of becoming smaller or fewer in quantity, size, or intensity.

¥1.00

The Japanese Yen currency, represented by the symbol ¥, with 1.00 indicating the unit amount.

Appreciated

Refers to an increase in value of an asset over time.

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