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:

Failed Change Efforts

Attempts at organizational or societal change that do not achieve their intended outcomes.

Cynical

An attitude of skepticism or distrust towards people's motives or integrity, often believing that human actions are motivated purely by self-interest.

Popular Management Programs

Widely recognized and implemented courses or software designed to improve management skills and business operations.

Major Change

Significant alterations in the strategy, structure, or operations of an organization that affect its whole or substantial parts.