Decide Whether the Argument Is Inductive or Deductive

question 48

Multiple Choice

Decide whether the argument is inductive or deductive.
-Practice makes perfect. Therefore, if I practice, I'll be perfect.

• A)Inductive
• B)Deductive

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Definitions:

Payor

A payor, in financial transactions, is the party that makes a payment to another party, the payee, often in fulfillment of an obligation such as a bill, loan, or settlement.

Acceptor

The party who agrees to pay a bill of exchange, such as a draft or check, upon its presentation.

Primarily Liable

Being the first or main party responsible for fulfilling an obligation or debt.

Notice Of Dishonor

A formal notification that a negotiable instrument, such as a check or promissory note, has been presented for payment and refused.