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A Participant Is Asked to Memorize a Series of Word

question 36

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A participant is asked to memorize a series of word pairs, including the pair "heavy-light." The participant is asked later if any of the following words had been included in the list memorized earlier: "lamp," "candle," "spark," and "light." The participant denies having seen any of these words recently. This is probably because


Definitions:

Forgery

The act of fraudulently making or altering a document with the intention to deceive someone.

Ordinary Holder

In financial terms, an average investor or party holding financial instruments, securities, or other assets under normal circumstances.

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.

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