Ferdinand Bought a Boat from Isabelle

question 34

Multiple Choice

Ferdinand bought a boat from Isabelle.The price was $100 000.She required payment to be made by way of a cheque.Which of the following statements is TRUE?

• A)Ferdinand can create a cheque by ordering his sister, Esmeralda, to pay $100 000 to Isabelle.
• B)As soon as Ferdinand creates a valid cheque, Isabelle will acquire rights against the drawee.
• C)By writing a cheque, Ferdinand will create an order that requires the drawee to credit his bank account.
• D)Isabelle will not be able to cash Ferdinand's cheque unless she has a bank account.
• E)If Ferdinand creates a valid cheque, his bank owes him an obligation to honour that negotiable instrument.

---

Definitions:

Identity Status Diffusion

A phase in identity development where an individual has not yet undergone an identity crisis or explored meaningful alternatives regarding commitments to career, beliefs, and values.

Psychosexual Development

A Freudian theory that describes how personality develops through various stages of childhood centered around erogenous zones.

Anal Stage

The anal stage is the second stage in Freud's psychosexual development theory, characterized by a focus on bowel control and elimination during toddlerhood.

Oral Stage

In psychoanalytic theory, the first stage of psychosexual development, occurring in the first year of life, where pleasure centers on the mouth.