User Fees

question 42

Multiple Choice

User fees:

• A) do not impact wasteful use
• B) Are designed to discourage use of a facility by private firms
• C) may equalize intermodal competition
• D) encourage private investment

---

Definitions:

Holder In Due Course

A legal term referring to an individual who has taken possession of a negotiable instrument in good faith, with the belief that it is valid, for value, and without notice of any defects.

Judicial Sale

A sale conducted under the supervision of a court where the property is sold to satisfy a judgment or to execute a court order.

Preceding Claim

A claim or legal demand made or recognized before another in time.

Without Recourse

A term indicating that the holder of a financial instrument cannot demand payment from the original issuer in case of default.