Check Cashing Business

question 6

Multiple Choice

Check Cashing Business.Susan owns and operates a check cashing business.A customer,Bob,claiming to be Sam,came in and cashed a $2,000 check issued by ABC Trucking to Sam.The day after Susan cashed the check,she received a notice from ABC Trucking that some checks had been stolen.It was later discovered that the customer had forged Sam's name on the check issued by ABC Trucking.At the time she took the ABC Trucking check,Susan was very busy with several customers in line.She simply glanced at the check and cashed it.A reasonable examination would have revealed that the check had been materially altered and changed from the amount of $200 to $2,000.Susan decided that she needed to hire some people to help her because she also had a problem with another check.On the same day that she took the ABC Trucking check,she took a check from another customer,Maurice.It was later discovered that the check from Maurice,which was four months old,was the subject of a dispute between Maurice and the issuer of the check for whom Maurice had done some work.The issuer claimed that the work was improperly done.Both ABC Trucking and the issuer of the check to Maurice stopped payment on the checks.Susan claims that she was entitled to the status of a holder in due course and was entitled to payment on both checks.What is the effect of Susan receiving notice the day after she cashed the check for Bob that the check had been stolen?

• A)The notice has no effect on her status as a holder in due course,because it was provided after she cashed the check.
• B)The notice prevents her from being a holder in due course.
• C)The notice prevents her from being a holder in due course,but only if Bob had been convicted of check-cashing offenses in the past,because she would have discovered his history had she checked.
• D)The notice prevents her from being a holder in due course,but only if she subjectively knew that Bob had been charged criminally with check-cashing violations in the past.
• E)The notice prevents her from being a holder in due course because it was presented to a business; only individuals can avoid the effect of notice of theft by cashing a check prior to receiving notice.

Understand how to uncover less obvious client expectations in projects.

Recognize the need for establishing standards and procedures for decision-making in project management.

Comprehend the importance of clarifying values in project management and conflict potential.

Grasp the significance of adjusting project management approaches based on the project’s complexity.

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Definitions:

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The process by which heritable traits that make it more likely for an organism to survive and successfully reproduce become more common in a population over successive generations.

Cognitive Psychologist

A professional who studies mental processes including perception, thinking, memory, and judgment.

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Professionals who study, research, and teach about the human mind and behavior in an academic setting.