Rodeo Ranch's Agent Slim Is Authorized to Draw Checks on Rodeo

question 17

Multiple Choice

Rodeo Ranch's agent Slim is authorized to draw checks on Rodeo Ranch's account in Town Bank. Upper Range Corporation is a Rodeo Ranch supplier. Slim writes a check "pay to the order of Upper Range [signed] Slim," indorses the check in Upper Range's name, and deposits it in his account in Verity Bank. If Verity Bank collects payment, the ultimate party most likely to suffer the loss is

• A) no one.
• B) Rodeo Ranch.
• C) Town Bank.
• D) Upper Range.

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Definitions:

Flatworms

A group of invertebrates within the phylum Platyhelminthes, known for their flat bodies, and include species such as tapeworms and liver flukes.

Excretion

Elimination of metabolic wastes by an organism at exchange boundaries such as the plasma membrane of unicellular organisms and excretory tubules of multicellular animals.

Trichinella Worms

Parasitic roundworms that cause trichinosis, a disease that results from consuming undercooked meat containing cysts of the worm.

Skeletal Muscle

Striated, voluntary muscle tissue that comprises the majority of the muscles in the human body; also called striated muscle.