Shoshanna Drafted a Complete Cheque and Made It Payable to Bearer.She

question 8

Multiple Choice

Shoshanna drafted a complete cheque and made it payable to bearer.She placed it in her desk drawer.She intended to give it as a prize to whichever student achieved the highest grade in her business law class.The cheque was stolen.After passing through several hands,it came into Ethan's possession.Which of the following statements is TRUE?

• A)Ethan can enforce the cheque against Shoshanna if he is a holder.
• B)Ethan can enforce the cheque against Shoshanna if he is a holder in due course and there is no real defense.
• C)Shoshanna merely has a personal defence as a result of the theft.
• D)Shoshanna has a real defence as a result of the theft.
• E)Ethan can enforce the cheque against Shoshanna because he has possession of the cheque and therefore is considered an immediate party.

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Definitions:

Economic Perspective

Viewing and analyzing economic phenomena in terms of costs, benefits, incentives, and the allocation of scarce resources.

Class Value

A concept reflecting the assumed worth or importance of a particular class in societal, economic, or educational settings.

Unemployment

The condition of being jobless despite actively looking for work, typically measured as a percentage of the labor force.

Society's Preference

The collective values and priorities of a community or population, often influencing policy and market trends.