Elmore Purchases Goods from Grady, and Elmore Executes and Delivers

question 28

Multiple Choice

Elmore purchases goods from Grady, and Elmore executes and delivers a negotiable note to Grady for $1,200, payable to Grady's order in 30 days. Two weeks later, Grady negotiates the note to McDaniel. Which of the following is true?

• A) McDaniel is required to notify Elmore that he acquired the note.
• B) If the goods are defective, Elmore's defense will necessarily be available against McDaniel.
• C) Whether Elmore's defense is available against McDaniel will depend on whether McDaniel acquired the note in good faith and for value, had no knowledge of the defense, and took the note without reason to question its authenticity.
• D) McDaniel can acquire no greater rights than Grady had in the note.

---

Definitions:

Person-Environment Fit

The degree of congruence between an individual's personality, needs, and values and the demands, culture, and values of the workplace.

Role Expectations

The behaviors, duties, and responsibilities expected from an individual occupying a specific role or position.

Natural Defense Mechanisms

Psychological strategies employed by individuals to cope with reality and to maintain self-image.

Homeostatic/Medical Approach

A perspective on health that focuses on maintaining stability and balance in the body’s systems, often through medical intervention.