A ________ Is Rival in Consumption and Viewers Are Excludable

question 188

Multiple Choice

A ________ is rival in consumption and viewers are excludable.

• A) television signal sent by cable
• B) fireworks show in a local park
• C) television signal broadcast through the air
• D) solar eclipse

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Definitions:

Fictitious Payee Rule

A legal principle that states if a negotiable instrument is made payable to a fictitious person, the entity that neglects to verify the authenticity of the payee can be held liable for any resulting loss.

Imposter Rule

A rule which holds that if one party obtains a negotiable instrument by impersonating another party and endorses it with the impersonated party’s signature, the loss falls on the drawer of the instrument.

Drawer

In financial terms, the person who writes or issues a check, directing a bank to pay the stated amount from the drawer's account.

Discharged Liability

The release or elimination of a debtor's obligation to pay a debt, typically occurring through bankruptcy proceedings.