Alpha Corp Appears to Be the Named Payee of a Cheque

question 10

Multiple Choice

Alpha Corp appears to be the named payee of a cheque drawn by Ultimate Inc.Ultimate,however,insists that that piece of paper cannot possibly be treated as a valid cheque under the Bills of Exchange Act.That is TRUE if

• A)the instrument was certified before being delivered.
• B)the instrument had been materially altered after being drafted.
• C)the instrument is drawn on Lester,who is the major shareholder of ultimate.
• D)payment is to be made from an overdrawn account.
• E)the instrument is postdated.

---

Definitions:

Identity Achievement

This term refers to a stage of self-identity development in which individuals have explored options and made commitments to their beliefs, career, and personal identity.

Elisabeth Kübler-Ross

A Swiss-American psychiatrist known for developing the five stages of grief model, which outlines the progression of emotional states experienced by terminally ill patients or those who have lost a loved one.

Terminal Illness

A disease or condition that is considered incurable and likely to lead to death.

Denial

A defense mechanism in which confrontation with a reality or fact is avoided by denying the existence of the problem or reality.