O'Shea Issues a Check Drawn on Prime Bank to Quality

question 7

Multiple Choice

O'Shea issues a check drawn on Prime Bank to Quality Equipment Supply to pay for a backhoe.Later,O'Shea discovers a defect in the backhoe and orders the bank to stop payment on the check.O'Shea does not renew the order,and the bank clears the check eight months later.The bank​ 

• A) ​must recredit O'Shea's account. 
• B) ​must obtain funds from Quality Equipment to cover the amount of the check. 
• C) ​must substitute acceptable goods. 
• D) ​need not recredit O'Shea's account.

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Definitions:

Critical Path

The longest sequence of activities in a project plan, which determines the shortest possible duration for completing the project.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 (impossible) and 1 (certain).

Variance

A statistical measure that represents the degree of spread or dispersion of a set of values from their mean.