The Main Objective of Article 3 of the UCC and the Law

question 81

Multiple Choice

The main objective of Article 3 of the UCC and the law of commercial paper is to:

• A) create a nonnegotiable instrument.
• B) create legal money.
• C) create an instrument to be accepted in place of money in commercial transactions.
• D) guarantee the payment of all transactions.
• E) prevent fraud.

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Definitions:

Constriction

The process of becoming narrower or tightening; in psychology, it can refer to a narrowing of thoughts or behaviors.

Replication

The process of repeating a research study or experiment to confirm its results.

Tay-Sachs Disease

A disorder that produces blindness and muscle degeneration prior to death; there is no treatment.

Muscle Degeneration

The decline in muscle strength and mass, often due to aging, disease, or lack of use.