Fact Pattern 25-A1

question 55

Multiple Choice

Fact Pattern 25-A1
Quiky Delivery Company contracts to provide services to Regal Bakeries, Inc. At Quiky's request, Regal makes checks for the services payable to "Quiky Delivery Co. and Secure Credit Corp." One check, however, is pay?able to "Quiky Delivery Co. Secure Credit Corp." .
-Refer to Fact Pattern 25-A1. Suppose the check payable to "Quiky Delivery Co. Secure Credit Corp" is indorsed and negotiated only by Secure. Quiky files a suit to recover the amount. According to the decision in Case 25.1, Hyatt Corp. v. Palm Beach National Bank, the court will most likely rule that

• A) neither Regal nor its bank are liable.
• B) only Regal is liable.
• C) Regal and its bank are alternatively liable.
• D) Regal and its bank are jointly liable.

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Definitions:

Organization's Goals

The objectives or aims that a company or an organization attempts to achieve, which guide its operations and strategic planning.

Employees' Activities

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Job-related Knowledge

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