Earl Issues a Check Drawn on First National Bank to Good

question 5

Multiple Choice

Earl issues a check drawn on First National Bank to Good Office Supply to pay for six filing cabinets. Later, Earl discovers defects in the goods and orders First National to stop payment on the check. Earl does not renew the order, and the bank clears the check eight months later. The bank

• A) must recredit Earl's account and substitute acceptable goods.
• B) must recredit Earl's account or substitute acceptable goods.
• C) must substitute acceptable goods but not recredit Earl's account.
• D) need not recredit Earl's account or substitute acceptable goods.

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Definitions:

Rorschach Inkblot Test

The most widely used projective test; a set of 10 inkblots, designed by Hermann Rorschach; seeks to identify people’s inner feelings by analyzing their interpretations of the blots.

Rorschach Inkblot Test

A psychological test in which subjects' perceptions of inkblots are recorded and then analyzed using psychological interpretation, complex algorithms, or both.

Reliability

The extent to which a measurement instrument yields consistent and stable outcomes across different occasions.

Validity

Validity is the extent to which a test or instrument accurately measures what it is intended to measure.