Which of the Following Best Describes What a Transfer Is

question 75

Multiple Choice

Which of the following best describes what a transfer is?

• A) A transfer is when one bank account is shifted to another bank account.
• B) A transfer is a holder who takes an instrument free from personal defenses.
• C) A transfer is any passage of an instrument other than its issuance and presentment for payment.
• D) A transfer is a universal defense to a negotiable instrument.

Comprehend the concept of social responsibility and its impact on society.

Recognize the types and consequences of unethical behavior in business.

Identify the role of legislation in promoting ethical business practices.

Realize the importance of trust in building and maintaining business relationships.

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Definitions:

Stereotyped

A characterization or idea that applies a fixed, generalized concept to a group or category, often overlooking individual differences.

Communications Decency Act

A law enacted in 1996 aimed at regulating pornographic material on the Internet, with significant implications for online speech and censorship.

Defense of Marriage Act

A U.S. federal law enacted in 1996 that defined marriage for federal purposes as the union between one man and one woman, later deemed unconstitutional.

Comstock Act

A United States federal law passed in 1873 that made it illegal to send any obscene, lewd, and/or lascivious materials through the mail, including contraceptive devices and information.