Cole Issues a Note "Payable to the Order of Cole

question 8

Multiple Choice

Cole issues a note "payable to the order of Cole," forges Dylan's signature as the maker,and indorses the note "pay to Eton." Cole sells the note to Eton,who negotiates it by indorsement and delivery to Franz.Franz negotiates the note to Gert.On this note,Gert can extend liability to

• A)no one.
• B)only Cole,Eton,or Franz.
• C)only Eton or Franz.
• D)only Franz.

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Definitions:

Peak-Period Requirements

The increased demand or resources needed during the busiest or most active times for a business or service.

Variable Cost

An expense that fluctuates in tandem with the levels of output or sales, such as raw materials and direct labor costs.

Trucking Department

A division within a company or organization responsible for managing the transportation and delivery of goods via trucks.

Peak-Period Requirements

The highest level of resources, such as labor or raw materials, required to manage production or service delivery during periods of maximum demand.