Logan Is Mining Corporation's Agent and Is Authorized to Write

question 14

Multiple Choice

Logan is Mining Corporation's agent and is authorized to write checks on Mining's account in Northwest Bank. Logan writes a check "pay to the order of Oceanside Resort." Logan signs the check "Mining Corporation, by Logan, agent." Northwest Bank dishonors the check. Liability extends to​

• A) ​Logan.
• B) ​Oceanside.
• C) ​Mining Corporation.
• D) ​no one.

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Definitions:

Marginal Changes

Marginal changes describe small adjustments to a variable's quantity or level, analyzing the effects of these adjustments on an overall system.

Status Quo

The existing state or condition of affairs, often used in the context of maintaining current circumstances without change.

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The act of creating, organizing, and running a new business venture to take advantage of market opportunities, often involving risk and innovation.

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An individual who has completed a course of study at a college or university, earning a degree.