Fact Pattern 19-1 Viva Takes Her Car to We-Can-Fix-It,Inc. ,Which Repairs the Car

question 68

Multiple Choice

Fact Pattern 19-1
Viva takes her car to We-Can-Fix-It,Inc. ,which repairs the car and bills her for $500.She writes a check drawn on Xenon Bank,but later,believing that We-Can-Fix-It did not repair the car properly,issues a stop-payment order.
-Refer to Fact Pattern 19-1.Xenon Bank pays the check.The bank

• A)can sue Viva for a wrongful stop-payment order.
• B)can sue We-Can-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 Viva's loss due to the wrongful payment.

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Definitions:

Cost Data

Information related to the expenses incurred in the production, operation, or acquisition of goods and services.

Artificial Product Differentiation

The process by which companies make their products appear distinct from those of competitors, through branding or slight modifications, even when the core product is similar.

Concentration

The extent to which market share is dominated by a small number of companies within an industry.

Monopoly Power

The ability of a company to control or dominate an industry or market, setting prices and limiting competition due to lack of viable alternatives.