Fact Pattern 26-1B (Questions B8-B10 Apply)

question 38

Multiple Choice

Fact Pattern 26-1B (Questions B8-B10 apply)
Destiny obtains a check payable to her order from Eugenia. Destiny signs the back and adds the notation "without recourse."
-Refer to Fact Pattern 26-1B. By writing "without recourse" with her signature, Destiny

• A) avoids the risk of loss from theft of the instrument.
• B) relieves herself of liability on the instrument.
• C) converts the check into a nonnegotiable instrument.
• D) locks the instrument into the bank collection process.

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Definitions:

Buying Center

A group of individuals within an organization who are responsible for making purchase decisions, often involving members from different departments to ensure diverse perspectives.

Purchase Decision

The cognitive process leading a consumer to select a product or service among alternatives, based on various factors including need, desire, and affordability.

Consumer Decision-making

The process by which consumers identify their needs, gather information, evaluate alternatives, and make the purchase decision; a crucial aspect of marketing and sales strategies.

Steps

Sequence of actions or procedures followed to achieve a particular end.