Raj Owed $5000 to Monica

question 2

Multiple Choice

Raj owed $5000 to Monica.In payment of that debt, he gave her a cheque for that amount that was drawn on his account at the Bank of Regina.In fact, his account only held $3000 worth of credits.Which of the following statements is TRUE?

• A)Raj's cheque is countermanded.
• B)Although it is required to pay $5000 to Monica, the Bank of Regina can sue Raj for breach of contract.
• C)The Bank of Regina will probably pay $3000 to Monica.
• D)Raj has effectively asked the Bank for a loan which may or may not be granted.
• E)Raj will be entitled to sue the Bank of Regina if it pays any money to Monica.

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Definitions:

Performance Contributions

The efforts or input by individuals or groups that significantly impact the success or outcomes of a project or organization.

Self-managing Work Team

A group of employees tasked with managing their own workflows, responsibilities, and schedules without direct supervision.

Functional Chimneys Problem

Issues arising from a lack of communication and cooperation between different departments within an organization, leading to operational inefficiencies.

Career Advancement

The progress or upward movement in one's professional life through promotions, new job roles, or increased responsibilities.