Patrick Bought a Widget from Ishani

question 3

Multiple Choice

Patrick bought a widget from Ishani.The purchase price was $25 000.He paid by giving her a cheque for that amount that was drawn on his account at the Bank of Fundy.The cheque was made payable to Ishani.By coincidence, Ishani owes $25 000 to XYZ Inc.Which of the following statements is TRUE?

• A)If Ishani negotiated the cheque to XYZ Inc, that company would be entitled to turn the cheque into a bearer instrument.
• B)If Ishani negotiated the cheque to XYZ Inc, that company could not ask the Bank of Fundy to certify the cheque.
• C)If Ishani wanted to negotiate the cheque to XYZ Inc, she would have to first have the cheque certified by the Bank of Fundy.
• D)If Ishani negotiated the cheque to XYZ Inc, that company could receive payment from the Bank of Fundy only if it first provided consideration to Patrick.
• E)Ishani can discharge her debt to XYZ Inc by simply delivering the cheque to the company.

Develop standards for judging potential solutions in negotiation.

Recognize the value of time and creative thinking in generating solutions.

Acknowledge the importance of mutual respect and acknowledging all parties' attitudes, interests, and desires.

Learn strategies for problem reformulation to discover and meet parties' interests and needs.

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Definitions:

Cyberslacking

The act of using company internet and resources for personal activities during work hours, often reducing productivity.

Progressive Discipline

A approach in human resource management where the seriousness of an employee's misconduct influences the severity of the disciplinary action, starting from mild to more severe measures.

Threat of Temporary Suspension

The possibility or risk of being temporarily removed from a position or duty as a disciplinary measure.

Official Written Warning

A documented notice given by an employer to an employee to address a violation or performance issue.