Peasants in the Soviet Union Eagerly Relinquished Their Small Plots

question 54

True/False

Peasants in the Soviet Union eagerly relinquished their small plots of land in order to work in large state collectives.

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Definitions:

Warranty Liability

Liability attributed when the transfer of an instrument breaches a warranty associated with an instrument.

Good Faith

The honest intention to act without taking an unfair advantage over another party in a transaction.

Reasonable Commercial Standards

The accepted norms and practices within a particular industry or trade that are considered to be fair and appropriate.

Demand Instrument

A demand instrument is a financial document that requires payment of a specified sum of money immediately upon demand or within a short time frame.