After Buying a Yacht for $1 200 000 Using a Cheque

question 22

Multiple Choice

After buying a yacht for $1 200 000 using a cheque, Kyle has returned to the yacht dealership to demand a refund of $200 000 on the basis that he is not satisfied with the boat.Kyle argues that the yacht is really only worth $1 000 000 and that his liability on the cheque consequently was limited to that amount.Which of the following requirements of using a negotiable instrument did Kyle fail to consider?

• A)It must be signed and written.
• B)Both parties must be identified.
• C)There must be a certain sum of money.
• D)There must be a time of payment.
• E)There must be an unconditional obligation.

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Definitions:

Gene Duplication

A process by which a region of DNA containing a gene is copied within an organism's genome, leading to genetic diversity.

Gallflies

A group of insects known for their ability to induce gall formation on plants, where they then live and feed.

Intermediate Gall Sizes

Refers to the medium range of sizes for galls, which are abnormal growths on plants caused by various organisms.

Stabilizing Selection

An evolutionary process that favors the intermediate variants of a trait, leading to a decrease in variation around a certain phenotype, often maintaining the status quo in a population.