Chad Writes Dinah an Uncertified Check for $500 Drawn on Chad's

question 49

Multiple Choice

Chad writes Dinah an uncertified check for $500 drawn on Chad's account at Employees Credit Union. Seven months later, Dinah presents the check for payment. The credit union pays the check in good faith without consulting Chad. The credit union

• A) cannot charge Chad's account for any amount.
• B) can charge Chad's account for $250 only.
• C) can charge Chad's account for $500.
• D) is liable for breach of contract.

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Definitions:

Packaging

A component of a product that refers to any container in which it is offered for sale and on which label information is conveyed.

Product Life Cycle

The progression of a product through stages from introduction to growth, maturity, and decline, affecting marketing and manufacturing strategies.

Graph Section

A graph section is part of a visual representation, such as charts or diagrams, used to display data and analyze trends within a document or presentation.

Introduction

The initial phase in the product life cycle where a new product is launched into the market.