On June 1,Rituparna Bought a Widget from Joel

question 13

Multiple Choice

On June 1,Rituparna bought a widget from Joel.The price was $75 000.On that same day,she gave him a bill of exchange for that amount that was drawn on the Bank of Brandon.Which of the following statements is TRUE?

• A)Rituparna is the drawee,Joel is the payee,and the Bank of Brandon is the acceptor.
• B)A bill of exchange must be payable on demand.
• C)The Bank of Brandon owes Rituparna a legal duty to accept the bill if Joel's account balance is at least $75 000.
• D)Unlike a cheque,a bill of exchange is automatically considered to be certified unless the relevant account is overdrawn.
• E)June 1 is not necessarily the due date.

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Definitions:

Stressor

Any physical or psychological event or condition that causes physical or emotional stress.

Stress Reaction

The physiological and psychological response of an individual to perceived challenges or threats in their environment.

Event

An occurrence or happening, often significant, that impacts or involves a particular group or environment.

Integrity

The characteristic of being truthful and upholding high ethical standards, or the condition of being unified and intact.