Devon Draws a Check Payable to the Order of Jen

question 50

Multiple Choice

Devon draws a check payable to the order of Jen on his account at Big Bank.Jen properly negotiates the check to Seth,who sells the check to Andy.Seth indorsed without recourse.Andy deposits the check in his bank account at Mega Bank without indorsing the check.Who has liability to Mega Bank?

• A)Big Bank
• B)Seth
• C)Jen
• D)Jen,Seth and Andy

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Definitions:

Denial

Denial is a psychological defense mechanism wherein an individual refuses to accept reality or facts, thus avoiding dealing with uncomfortable emotions.

Anger

A potent sensation of irritation, dissatisfaction, or antagonism.

Logical Incrementalism

A strategic management process of making decisions step-by-step based on logical analysis and practical considerations.

Vague Feeling

An indistinct or unclear emotional state that is difficult to define or express precisely.