Examlex

Solved

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?


Definitions:

General Adaptation Syndrome

A three-stage response (alarm, resistance, exhaustion) that describes the body's short-term and long-term reactions to stress.

Allergic Reaction

An immune system response to a foreign substance that is not typically harmful to the body, such as pollen or certain foods.

Emergency Room

A medical treatment facility specializing in emergency medicine, the acute care of patients who present without prior appointment, either by their own means or by ambulance.

Reappraise

The process of reevaluating one's thoughts, feelings, or beliefs in light of new information or perspectives.

Related Questions