John Received a Check from His Employer Marked "Pay to the Order

question 87

Multiple Choice

John received a check from his employer marked "pay to the order of John Jones." John used this check to pay for groceries from ABC Foods.He wrote on the back of the check: "pay to ABC Foods,for groceries." Was this check properly negotiated?

• A)No,because the statement that the check was for payment to ABC Foods defeats this negotiation.
• B)No,because John did not indorse the check.
• C)Yes,because John transferred possession of the check and ABC Foods acted in good faith.
• D)Yes,because a holder's signature is not always needed in order to negotiate a check.

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Definitions:

Stereotype

A widely held but fixed and oversimplified image or idea of a particular type of person or thing, often leading to prejudice and discrimination.

Situational Attributions

The process of attributing a person's behavior to external or situational factors.

Fundamental Attribution Error

The tendency to overemphasize personality-based explanations for behaviors observed in others while underestimating the power of situational influences.

Dispositional Causes

refer to internal factors such as traits, beliefs, and attitudes that are thought to drive an individual's behavior.