Which of the Following Statements,if It Appeared on a Negotiable

question 15

Multiple Choice

Which of the following statements,if it appeared on a negotiable instrument,would destroy the negotiability of that instrument?

• A) "Payment for tuition."
• B) "This instrument arises out of a sales contract between Sam and Sandy."
• C) "This instrument hereby incorporates by reference the sales contract between Sam and Sandy."
• D) "This note is secured by a mortgage."
• E) "Charge to miscellaneous expense."

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Definitions:

Pollution Permits

Licenses issued by governments that allow the holder to emit a specific amount of pollution; used as a way to control and reduce environmental harm.

Pollution Reduction

Actions or policies aimed at decreasing the amount of pollutants released into the environment.

Government Caps

Maximum limits set by the government on prices, wages, or other economic variables to control the economy.

Total Cost

The total of all expenses involved in creating goods or services, encompassing both constant and changing costs.