Examlex

Solved

From 1821 Until the End of World War I in 1918

question 96

Multiple Choice

From 1821 until the end of World War I in 1918, the most important currency in international commerce was the ________.


Definitions:

Warranty Liability

Liability attributed when the transfer of an instrument breaches a warranty associated with an instrument.

Good Faith

The honest intention to act without taking an unfair advantage over another party in a transaction.

Reasonable Commercial Standards

The accepted norms and practices within a particular industry or trade that are considered to be fair and appropriate.

Demand Instrument

A demand instrument is a financial document that requires payment of a specified sum of money immediately upon demand or within a short time frame.

Related Questions