According to Map 25

question 37

Multiple Choice

According to Map 25.4: The European Theater of World War II, 1942-1945, which country was neither an Axis power nor under Axis control during World War II?

• A) Libya
• B) Slovakia
• C) Finland
• D) Egypt

Recognize how alterations and errors on negotiable instruments affect their validity and negotiation.

Know who can endorse instruments made payable to entities and the effect of such endorsements.

Understand the implications of specific UCC sections related to notice and knowledge of facts that affect negotiable instruments.

Identify when and how legal principles, such as the shelter principle, apply in cases involving negotiable instruments.

---

Definitions:

Private

Relating to or intended for an individual or group rather than the public or the state; not governmental.

Express Warranties

Are explicit, confirmed promises made by a seller to a buyer about the condition or quality of a product or service.

Implied Warranty

a legal assumption that a product or service sold will meet certain quality and functionality standards even if not explicitly stated.

Merchantability

A guarantee that a product sold meets certain quality standards and is fit for the ordinary purposes for which such goods are used.