A Third-Party Net Marketplace That Connects Many Buyers and Suppliers

question 19

Multiple Choice

A third-party Net marketplace that connects many buyers and suppliers for spot purchasing is called a(n)

• A)exchange.
• B)vertical market.
• C)private exchange.
• D)e-hub.
• E)private industrial network.

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Definitions:

Form of Document

refers to the specific layout, structure, and requirements that a document must meet for legal or official purposes.

Negotiability

The quality of a financial instrument that allows it to be transferred or assigned from one party to another in a way that the rights accompanying the instrument are also transferred.

Revised Article 3

The updated section of the Uniform Commercial Code that delineates rules and procedures for negotiable instruments.

Particular Fund Doctrine

The principle that a creditor can only lay claim to specific funds or assets of a debtor rather than the debtor's general assets.