The Ability of an Instrument to Produce the Same Estimate

question 25

Multiple Choice

The ability of an instrument to produce the same estimate on two or more occasions,assuming that nothing has changed in the interim is known as ________.

• A)accuracy
• B)reliability
• C)validity
• D)CV

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Definitions:

Reasonable Identification

The process of sufficiently identifying an individual through the use of valid and reliable means or documents.

Fraud In The Factum

A liability defense available to a party who signs a negotiable instrument without knowing that it is a negotiable instrument.

Negotiable Instrument

A written assurance for the remittance of a fixed sum of money, payable either on demand or at a future date, with the document clearly stating the name of the individual making the payment.

Liability

A legal responsibility or obligation.