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The Following Questions Refer to the Excerpt Below

question 17

Multiple Choice

The following questions refer to the excerpt below.
"The 1980's have been born in turmoil,strife,and change.This is a time of challenge to our interests and our values and it's a time that tests our wisdom and our skills.At this time in Iran,50 Americans are still held captive,innocent victims of terrorism and anarchy.Also at this moment,massive Soviet troops are attempting to subjugate the fiercely independent and deeply religious people of Afghanistan.These two acts-one of international terrorism and one of military aggression-present a serious challenge to the United States of America and indeed to all the nations of the world.Together,we will meet these threats to peace. I'm determined that the United States will remain the strongest of all nations,but our power will never be used to initiate a threat to the security of any nation or to the rights of any human being.We seek to be and to remain secure-a nation at peace in a stable world.But to be secure we must face the world as it is."
President Jimmy Carter,State of the Union Address,January 23,1980
-Enacting the policies that Carter suggests would require


Definitions:

Fraud in the Inducement

A deceptive practice where one party uses fraudulent acts to entice another party into a contract, which can render the contract voidable.

Real Defense

A genuine, substantial defense claim raised in a legal dispute, often based on factual evidence and legal principles.

Holders in Due Course

Parties who have obtained a negotiable instrument in good faith and for value, and thus have certain protections against defenses and claims that could be asserted against the original payee.

Alteration

Alteration involves making a change or modification to something, often to improve it or adjust it to different requirements.

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