Ceteris Paribus Means

question 158

Multiple Choice

Ceteris paribus means

• A)other things being equal.
• B)and so forth.
• C)knowledge gained before the study of evidence is made.
• D)among other things.
• E)in a historical context.

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Definitions:

Notice

A formal communication or announcement given to a party, usually in writing, about an action or condition.

UCC

A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across American states.

Actual Knowledge

Direct awareness or understanding of a fact, without needing to infer from other facts.

Holder In Due Course

A legal term for someone who has acquired a negotiable instrument, like a check, in good faith and is entitled to payment.