In the Case in the Text Huntington National Bank V

question 41

Multiple Choice

In the case in the text Huntington National Bank v.Guishard,Wilburn & Shorts,what was the court's holding?

• A)Gray was not responsible because he had no knowledge or intent to commit theft or fraud.
• B)Gray was not responsible because GSW's name was on the deposit slip.
• C)Gray was responsible for $16,500 because he knowingly committed fraud.
• D)Gray was responsible for $16,500 because he breached the transfer warranty.

---

Definitions:

Optimal Consumption

The point at which an individual's utility from consuming goods and services is maximized, given their budget constraints.

Loaves

Units of bread that have been baked in a specific shape or size, often rectangular and intended for slicing.

Pounds

A unit of weight commonly used in the British imperial and United States customary systems, equal to 16 ounces.

Optimal Consumption

The combination of goods and services that maximizes an individual's utility given their budget constraints.