Fact Pattern 14-1 (Questions 19 and 20 Apply)

question 37

Multiple Choice

Fact Pattern 14-1 (Questions 19 and 20 apply)
Echo takes her car to Fix-It, Inc., which repairs the car and bills Echo for $500. Echo writes out a check drawn on Capital Bank, but later, believing that Fix-It did not repair the car properly, issues a stop-payment order.
-Refer to Fact Pattern 14-1. Capital Bank pays the check. Capital

• A) can sue Echo for a wrongful stop-payment order.
• B) can sue Fix-It for breach of contract.
• C) can sue no one because it paid a check that was not properly payable.
• D) is liable for Echo's loss due to the wrongful payment.

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Definitions:

Problem-Conquering

The process or approach taken to address, resolve, and overcome challenges or barriers effectively.

Entrepreneurial Leadership

A leadership style that combines the innovation and risk-taking of entrepreneurship with the management skills necessary to lead an organization.

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The ability to identify and act upon chances for personal or business growth, innovation, or improvement.

Creative Idea

A Creative Idea refers to a novel and useful concept, solution, or insight that seeks to address a problem, improve a situation, or generate value in an innovative way.