Tim and Tom Are Having an Argument Because They Can't

question 150

Multiple Choice

Tim and Tom are having an argument because they can't agree on which television show to watch and they have only one television in their house, which they share.A possible solution to this problem is:

• A)to compromise and watch half of Tim's show and half of Tom's show
• B)for Tom to pay Tim enough such that he will allow him to watch his preferred show
• C)to turn to a third party to moderate their negotiations
• D)not possible to give as there is not enough information to answer this question

---

Definitions:

Restrictive Indorsement

A limitation placed on the transfer of a negotiable instrument, such as a check, which specifies the conditions under which it can be further negotiated.

Merchants Bancorp

An American banking company involved in providing banking and financial services.

Holder In Due Course

A person who acquires a negotiable instrument in good faith and for value, thus having certain protections against defenses and claims.

Assignee

The party to whom rights or property are transferred in an agreement.