Which of the Following Is True of Using the Defense

question 31

Multiple Choice

Which of the following is true of using the defense of failure of consideration by a maker or drawer of an instrument?

• A)It can be used when the instrument is negotiated to a holder in due course.
• B)It can be used when no consideration exists in the underlying contract for which the instrument was issued.
• C)It can be used when one of the parties breaches the contract by not furnishing the agreed consideration.
• D)It can be used if a party,induced by a fraudulent statement to enter a contract,is the holder of a negotiable instrument issued as part of the transaction.

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Definitions:

Corporate Social Responsibility

The practice by companies to make a positive impact on society and the environment beyond regulatory requirements or direct financial interests.

Costs and Benefits

An analysis or assessment comparing the expected gains and potential drawbacks or expenses associated with a decision or project.

Framework for Ethical Decision Making

A structured approach to help individuals and organizations make choices that are morally and ethically sound.

Ethically Align

The process or practice of ensuring actions, decisions, and practices adhere to ethical principles or standards.