A Draft Is Payable "To the Order of Joe Jones

question 8

Multiple Choice

A draft is payable "to the order of Joe Jones or to bearer." Sally finds it and demands payment. Should the drawer pay Sally?

• A) No, unless Joe Jones's name is crossed off.
• B) No, unless "bearer" is handwritten.
• C) Yes, since the word "or" is contained in the instrument, either Joe Jones or the bearer of the draft may obtain payment.
• D) No, the terminology is ambiguous and therefore the draft must be paid only to the order of Joe Jones.

Understand the necessity of cross-validation in maintaining test validity.

Comprehend decision-making models used in the selection process and their applications.

Acknowledge the role and potential pitfalls of interviews in the selection process.

Understand selection ratio and its implications for the selection process.

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Definitions:

Aggregate Stock

The total shares or equity held by shareholders in a corporation or the overall supply of goods or commodities available in a market.

Industrial Accident

An unexpected and unplanned event in an industrial setting resulting in injury, illness, or damage.

Labor Market

Refers to the supply and demand for labor, where employees provide the supply and employers the demand.

High-Speed Blenders

Advanced blending machines designed to operate at very high speeds, providing efficient and thorough mixing of ingredients.