Omar Receives a Check from Trudy Drawn on Shelfari Bank

question 29

Multiple Choice

Omar receives a check from Trudy drawn on Shelfari Bank.Shelfari Bank improperly dishonors the check when Omar attempts to cash it.Which of the following is true of this case?

• A)Omar is the holder of the check,and hence,has recourse against Trudy,the drawer.
• B)Shelfari Bank,the drawee bank,is liable to Omar,the holder,for improperly dishonoring the check.
• C)Omar has recourse against both the parties-the drawer,Trudy,and the drawee bank,Shelfari Bank.
• D)Omar has recourse against Shelfari Bank,in case Trudy does not reimburse Omar.

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Definitions:

Performing With Others

The act of engaging in tasks or activities in the presence of, or in collaboration with, other people.

Western Cultures

Societies that are often characterized by individualism, a strong emphasis on personal freedom, and democratic values.

East Asian

Referring to the geographical region or people from countries in the eastern part of Asia, such as China, Japan, and Korea.

Socially Loaf

A psychological phenomenon where individuals exert less effort to achieve a goal when they work in a group than when they work alone.