As demonstrated in Pelican National Bank v.Provident Bank of Maryland,the case in the text,when checks are ambiguous,courts apply the default rule that:

A) treats the document as if it was payable in the alternative.
B) treats the document as if it was payable jointly.
C) pays the parties pro rata with their claims.
D) a virgule punctuation mark means "and" and not "or."

Amortization of discount on bonds payable (bond discount) results in which of the following?

A) A decrease in bond interest expense
B) An increase in net income
C) An increase in the carrying value of the bond
D) An increase in stockholders' equity due to the decrease in bond interest expense

All but one of the following is an aspect of messages that foster the peripheral route.Which one is not?

A) Message order.
B) Format.
C) Distractions.
D) Source Credibility.
E) All of the above are aspects of the messages of the peripheral route.

Honoring a note receivable indicates that the maker has:

A) Signed.
B) Paid in full.
C) Guaranteed.
D) Notarized.
E) Cosigned.

Normally, businesses only dispose of property, plant, and equipment by either sale or exchange.

What is the "but for" test used for?