Which of the Following Is True Regarding Floyd's Entitlement to Payment

question 67

Multiple Choice

Which of the following is true regarding Floyd's entitlement to payment from Hema?

• A)Floyd is only entitled to payment from Hema because Anne dishonored the payment.
• B)Floyd is never entitled payment from Hema because he must seek recovery only from Anne.
• C)Floyd is not entitled to payment from Hema unless Rahul,in addition to Anne,dishonors the instrument.
• D)Floyd is entitled to recover on the note from Hema only if both Anne and Rahul have filed bankruptcy or are otherwise proven insolvent.
• E)Floyd is entitled to recover on the note from Hema.

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Definitions:

Mean

The average value in a set of numbers, calculated by dividing the sum of the numbers by the quantity of numbers.

Scale

A system of ordered marks at fixed intervals used as a reference standard in measurement.

Resistance To Change

The tendency of individuals or organizations to resist alterations in their current state or environment due to uncertainty or comfort with the status quo.

Overt And Covert

Overt refers to actions or behaviors that are open and observable, while covert implies actions or behaviors that are concealed or hidden.