Rodeo Ranch's Agent Slim Is Authorized to Draw Checks on Rodeo

question 17

Multiple Choice

Rodeo Ranch's agent Slim is authorized to draw checks on Rodeo Ranch's account in Town Bank. Upper Range Corporation is a Rodeo Ranch supplier. Slim writes a check "pay to the order of Upper Range [signed] Slim," indorses the check in Upper Range's name, and deposits it in his account in Verity Bank. If Verity Bank collects payment, the ultimate party most likely to suffer the loss is

• A) no one.
• B) Rodeo Ranch.
• C) Town Bank.
• D) Upper Range.

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Definitions:

Object-relations Therapy

A form of psychoanalysis that emphasizes interpersonal relations, primarily in the family and especially between mother and child.

Supportive Therapy

A type of psychotherapy that focuses on reinforcing a patient's coping mechanisms and providing emotional support rather than directly addressing the root causes of a condition.

Ego Analysis

A psychoanalytic approach focusing on the ego's functions and its relationship with the demands of the id, superego, and external world.

Psychodynamic Therapy

A therapeutic approach that emphasizes understanding the influence of the past on present behavior and utilizes the relationship between therapist and client to gain insights.