When Written Documents Are Signed by a Party That Makes

question 15

Multiple Choice

When written documents are signed by a party that makes an unconditional promise to pay the holder of the instrument a specific sum of money on demand, or at a certain time, they are called?

• A) Negotiable instruments
• B) Informal contracts
• C) Simple contracts
• D) Recognizances
• E) Formal contracts

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Definitions:

Subduction

The process by which one tectonic plate moves under another, sinking into the Earth's mantle.

South Atlantic

The portion of the Atlantic Ocean lying between the eastern coasts of South America and the western coasts of Africa.

Mid-Ocean Ridges

Underwater mountain ranges formed by plate tectonics, where new oceanic crust is created through volcanic activity.

Ocean Basins

The underwater depressions of the Earth's surface that contain the bulk of the planet's ocean water.