In Basse and Selve V

question 13

Multiple Choice

In Basse and Selve v.Bank of Autralasia,the seller submitted a phony sample of ore to an inspection company to obtain a Certificate of Analysis showing high- grade ore.On the basis of the certificate,the seller paid for the documents and took delivery of the ore.The ore turned out to be worthless.The court ruled that:

• A) The bank had an obligation to inspect the ore before paying for the documents on behalf of the buyer.
• B) The buyer had a cause of action against the chemist for fraud.
• C) The bank had acted properly in paying the seller even though the ore did not conform to the contract because the certificate was regular on its face.
• D) The bank had acted properly in paying the seller because the bill of lading was negotiable.

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Definitions:

Job Performance

The level of effectiveness and efficiency with which an individual or group completes tasks within their job role.

Key Factors

Critical elements or conditions that are necessary for a particular process or outcome to occur.

Individual Performance

The measurable work quality and efficiency of an employee or individual contributor within an organization.

Types Of Stress

Variations in stress that individuals encounter, including acute, chronic, eustress, and distress, each having different sources and effects on health.