In the Context of Transportation Networks, Unlike Air Transport, Shipping

question 31

Multiple Choice

In the context of transportation networks, unlike air transport, shipping by sea:

• A) encourages private spending by lowering taxes in a country.
• B) is faster.
• C) is cheaper.
• D) reduces the availability of credit for businesses in a country.

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Definitions:

HDC

Stands for Holder in Due Course, a term in commercial law referring to an individual who has acquired a negotiable instrument in good faith and for value, therefore, has certain protections.

Promissory Note

A written promise to pay a specified sum of money to a designated person at a specified date or on demand.

Indorses In Blank

A term referring to the endorsement of a negotiable financial instrument without specifying the endorsee, making it payable to the holder.

Negotiation

The process of discussing terms and conditions to reach a mutual agreement in transactions, contracts, or disputes.