Anthony Calate writes a cheque on his bank account at the Royal Bank to Geri-Anne Ellis. Geri-Anne signs the back of the cheque "pay to Mark Tjan" and gives it to him

A) Geri-Anne Ellis is the Payee
B) Mark Tjan is the holder in due course
C) Mark Tjan is the drawee
D) Both A and B
E) All of the above

B

Business

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If licensee D works out of a home office, for how long is she required to maintain records of closed transactions?

A. 1 year B. 3 years C. 7 years D. Affiliated licensees are not required to maintain records of closed transactions

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Changes in hardware, software, documentation, or production to a production system to correct errors, meet new requirements, or improve processing efficiencies are termed

A) compliance. B) production. C) maintenance. D) acceptance. E) implementation.

Business