Standardization Is the Responsibility of

question 76

Multiple Choice

Standardization is the responsibility of .

• A)the test taker
• B)the test designer
• C)the people administering the test
• D)none of the above

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Definitions:

Holder in Due Course

A party who has acquired a negotiable instrument in good faith and for value, and thus has certain rights to collect the instrument free of many defenses.

Negotiated

Involves parties coming together to discuss and settle on the terms of an agreement, contract, or settlement through dialogue and compromise.

Notice

A formal communication or announcement, often legal in nature, that informs a person or entity about an action, decision, or condition that affects their rights or duties.

Holder in Due Course

A legal term for someone who has acquired a negotiable instrument in good faith and for value, and thus has certain protections against defenses and claims that could be asserted against the original payee.