If a Transferred Negotiable Instrument Failed to Qualify Under the Article

question 48

Multiple Choice

If a transferred negotiable instrument failed to qualify under the article 3 of the UCC, it is known as a(n) ________.

• A)assignment
• B)nonnegotiable contract
• C)indorsement
• D)restrictive indorsement

---

Definitions:

Us-Them Thinking

A form of social categorization that divides people into in-groups and out-groups, often leading to bias and prejudice.

Oversimplification

The reduction of a complex issue or situation to simplistic terms, ignoring the nuances and complexities involved.

Argument By Anecdote

Using personal stories as evidence in an argument, which may not be representative or reliable data for general conclusions.

Stereotyping

Making generalized beliefs or assumptions about the characteristics of all members of a group, based on an image about what people in that group are like.