Able Carefully Drew a Check for $10 on Her Checking

question 46

Multiple Choice

Able carefully drew a check for $10 on her checking account at ABC bank,payable to the order of Baker.Baker altered the check to read $100,and then negotiated it to Cain.Cain presented the check for payment to ABC bank,which paid Cain $100.The bank then deducted $100 from Able's account.When Able saw her bank statement she demanded that ABC credit her account for the altered check.ABC credited Able's account and then sued Cain.Is Cain liable?

• A)Yes,because Cain violated a presentment warranty.
• B)Yes,because Cain was a holder of the check.
• C)No,Cain is not liable if Cain acted in good faith and was unaware of Baker's alteration.
• D)No,because Cain is not holder in due course.

Examine how external factors like market demand for goods influence the demand for labor.

Understand the factors influencing a firm's hiring decisions and how it impacts profit maximization.

Analyze marginal revenue product (MRP) and its role in determining the optimal level of labor employment.

Interpret tables and figures related to labor and product markets to make informed economic decisions.

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Definitions:

Eating Disorders

Mental disorders characterized by abnormal or disturbed eating habits, such as anorexia nervosa or bulimia nervosa, which significantly impact an individual's health and well-being.

Anorexia Nervosa

An eating disorder characterized by an obsessive fear of gaining weight, leading to a refusal to maintain a healthy body weight and an extremely distorted body image.

Bulimia

An eating disorder characterized by episodes of binge eating followed by compensatory behaviors such as vomiting, fasting, or excessive exercise.

Binge-eating Disorder

An eating disorder characterized by recurrent episodes of eating large quantities of food in a short period of time, often accompanied by feelings of loss of control and guilt.