Lewis Makes a Note Payable to MaxiFinance Corporation

question 15

Multiple Choice

Lewis makes a note payable to MaxiFinance Corporation. MaxiFinance indorses the back of the note and negotiates it to Notes & Drafts Investments, Inc. Primarily liable on the note is

• A) none of the choices.
• B) MaxiFinance.
• C) Notes & Drafts Investments.
• D) Lewis.

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Definitions:

Spirit of Capitalism

A term from Max Weber's sociology referring to the set of ethical and cultural values that encourage hard work, frugality, and efficiency in pursuit of economic success.

Iron Cage

A concept introduced by Max Weber to describe the increased rationalization inherent in social life, particularly in Western capitalist societies, leading to individuals feeling trapped by systems and bureaucracy.

Rationality

The quality or state of being reasonable, based on facts or reason, guiding behavior or beliefs by logic rather than emotion or tradition.

Formal Rationality

A decision-making process focused on efficiency, predictability, calculability, and dehumanization, often associated with bureaucratic organizations.