John Received a Check from His Employer Marked "Pay to the Order

question 87

Multiple Choice

John received a check from his employer marked "pay to the order of John Jones." John used this check to pay for groceries from ABC Foods.He wrote on the back of the check: "pay to ABC Foods,for groceries." Was this check properly negotiated?

• A)No,because the statement that the check was for payment to ABC Foods defeats this negotiation.
• B)No,because John did not indorse the check.
• C)Yes,because John transferred possession of the check and ABC Foods acted in good faith.
• D)Yes,because a holder's signature is not always needed in order to negotiate a check.

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Definitions:

Demands

The requirements or needs that must be met, often used in the context of work, where it may refer to tasks or duties expected to be completed.

Encounter Stage

The phase in a social or professional relationship where individuals first meet and form impressions, often determining the future of their association.

Organizational Socialization Process

The method through which new employees gain the necessary knowledge, skills, and behaviors to become effective members of an organization.

Organizational Leaders

Individuals who have the responsibility and authority to guide and influence the direction, vision, and performance of an organization.