After Buying a Yacht for $1

question 63

Multiple Choice

After buying a yacht for $1.2 million using a cheque,Kyle returns to the yacht dealership demanding $200 000 of that money back on the grounds that his satisfaction was not fulfilled.Kyle argues that the yacht is only worth $1 million and believes he is entitled to the money that he overpaid.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:

Ecological

Related to or concerned with the relationship between living organisms and their environment.

Person-centered

A therapeutic approach that focuses on treating the individual as a whole, emphasizing empathy and unconditional positive regard.

Crisis Counseling

Immediate and short-term psychological support provided during a crisis to help reduce stress and trauma.

Physical Injury

Harm or damage to a person's body resulting from accidents, violence, or other external forces.