A Payee Has No Rights in an Instrument Until

question 10

Multiple Choice

A payee has no rights in an instrument until:

• A) the drawer or the maker has delivered the instrument to the payee.
• B) an acceptor has been established.
• C) an accommodation party has signed the instrument.
• D) a guarantor has signed the instrument.

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Definitions:

Job Analysis Process

A systematic examination of the tasks, responsibilities, and qualifications needed for a specific job, used for recruitment and performance evaluation.

Realistic Job Preview

A recruitment tool that provides potential applicants with a true representation of the responsibilities and conditions of a job.

Indexation

A method of estimating future employment needs by matching employment growth with a selected index, such as the ratio of production employees to sales.

Underutilization

A condition that exists when a department or employer has a lesser proportion of members of a protected class than are found in the employer’s labour market.