Which of the Following Was the Result in the Case

question 33

Multiple Choice

Which of the following was the result in the Case Opener,involving the check taken in good faith by a market,later returned to the market based on a stop payment order,and purchased from the market by the plaintiff who sued Cigna,the issuer of the check?

• A)The plaintiff was allowed to recover under the shelter principle and holder-in-due-course status.
• B)The plaintiff was not allowed to recover because the market misrepresented the status of the check.
• C)The plaintiff was allowed to recover because the market misrepresented the status of the check.
• D)The plaintiff was not allowed to recover because of the shelter principle and holder-in-due-course status.
• E)The plaintiff was not allowed to recover because he took the check knowing of a problem.

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Definitions:

Consequentialism

A general approach to ethical dilemmas which requires that we consider the consequences our actions will have on relevant people.

Rigid Set

In mathematics, a set whose members adhere to strict criteria or definitions, often used in contrast to more flexible or loosely defined collections.

Consequentialism

An ethical theory that judges whether an act is right or wrong based on its consequences.

Utilitarianism

The ethical principle that urges individuals to act in a way that creates the most happiness for the largest number of people.