Stacy Is Walking on Main Street, Lost in Thought, and Looks

question 78

Multiple Choice

Stacy is walking on Main Street, lost in thought, and looks up just in time to avoid colliding with a man rushing in her direction. Given what is known about social norms in Canada, what did she most likely do to avoid the collision?

• A) She yelled at him.
• B) She stood still.
• C) She moved to the right.
• D) She stepped backwards.

---

Definitions:

HDC

Refers to a Holder in Due Course, a legal term describing a party that has acquired a negotiable instrument under certain conditions, protecting them against certain defenses.

Presentment Warranties

Guarantees made by the presenter of a negotiable instrument that certain facts are true at the time of negotiation.

Altered Instrument

A legal term referring to a document, particularly a negotiable instrument, that has been illegally modified in a way that changes its original terms.

Collateral

Under Article 9 of the Uniform Commercial Code, the property subject to a security interest.