Marty Sandidge Wrote a Check Payable to "Charles Saxon" When

question 65

Multiple Choice

Marty Sandidge wrote a check payable to "Charles Saxon" when the payee's real name was spelled "Charles Saxton." In order to obtain payment, Charles:

• A) must have Marty void the check and rewrite another check with Charles's name spelled correctly.
• B) may be required by a person taking the instrument for value to sign both "Charles Saxon" and the correct spelling of his name.
• C) must sign only his real name with the correct spelling or he will be liable for forgery.
• D) must sign only "Charles Saxon" since that was the name on check.

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Definitions:

Physiological Benefits

The positive effects of activities or behaviors on the body's physical functioning, health, or well-being.

Psychological Benefits

Positive effects on mental health and well-being that arise from engaging in certain activities, therapies, or experiences.

Mutual Understanding

A state of agreement or empathy between two or more parties, where each party comprehends the others' perspectives or intentions.

Compromise

A method of conflict resolution where two or more parties each concede some of their demands to reach a mutually acceptable agreement.