Callie Drew a Check Payable to the Order of Janice

question 41

Multiple Choice

Callie drew a check payable to the order of Janice on American Bank.Janice indorsed the check and sold it to Ned,who took the check to American Bank and requested that the bank certify the check.The bank did so.Later,Ned presented the check for payment,but American Bank refused to pay.Which other parties may Ned sue?

• A)American Bank
• B)Callie
• C)Janice
• D)Callie and Janice

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Definitions:

Utility Function

A mathematical representation that associates levels of utility or satisfaction a consumer derives from consumption of goods and services.

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A popular dish made from deep-fried potato strips, often served as a side dish or snack.

Indifference Curves

Graphical representations of different bundles of goods between which a consumer is indifferent, showing equal levels of satisfaction.