Examlex
Drawers of checks may disclaim contractual liability by using the words "without recourse."
Lower Quality
Refers to products or services that do not meet the expected standards or performance criteria compared to others in the market.
Price Ceilings
Legally imposed maximum prices on goods or services that aim to keep them affordable for consumers, which can lead to shortages if set below the market equilibrium.
Black Markets
Illegal trading systems where goods or services are bought and sold at prices not regulated by the government, often in violation of price controls or rationing.
Black Market
An illegal trading system where goods or services are exchanged without the authorization of the government.
Q6: An incomplete instrument is non-negotiable. However, when
Q16: The Revised Act requires that demand be
Q18: If a holder presents a note for
Q34: Robert paid William $1,000 for a rare
Q39: Paul is driving a truck delivering goods
Q43: Edna orders a set of china from
Q53: Negotiability is wholly a matter of form.
Q57: The earned surplus test does not permit
Q63: Consumer electronic funds transfers are covered by
Q66: Under the RMBCA, a newly formed corporation