If Goods Are Not Rationed According to Price,if Follows That

question 53

Multiple Choice

If goods are not rationed according to price,if follows that

• A) they won't get rationed at all.
• B) some mechanism will be used to ration the goods.
• C) first-come-first-served will necessarily be the rationing device.
• D) there will be surpluses in the market.
• E) none of the above

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Definitions:

Holder In Due Course Rule

A legal principle that protects the holder of a negotiable instrument from claims and defenses that could be raised against the original party.

Consumer Credit

A type of credit granted to individuals to purchase goods and services, often used for transactions not involving a business.

Personal Defense

Legal strategies or justifications used by an individual to excuse or justify their actions in a civil or criminal legal case.

Holder In Due Course

A person who has acquired a negotiable instrument in good faith and for value, and thus has certain rights above the original parties to the instrument.