Ed and Harry Believe That Ghosts Are Running Rampant in a Nearby

question 45

Multiple Choice

Ed and Harry believe that ghosts are running rampant in a nearby town. When looking for information on the Internet, they ignore any sites that are skeptical of their beliefs and only visit sites that support their beliefs. This is an example of __________.

• A) confirmation bias
• B) functional fixedness
• C) creativity bias
• D) confirmation fixedness

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Definitions:

HDC

Refers to a Holder in Due Course, a legal term describing a party that has acquired a negotiable instrument under certain conditions, protecting them against certain defenses.

Presentment Warranties

Guarantees made by the presenter of a negotiable instrument that certain facts are true at the time of negotiation.

Altered Instrument

A legal term referring to a document, particularly a negotiable instrument, that has been illegally modified in a way that changes its original terms.

Collateral

Under Article 9 of the Uniform Commercial Code, the property subject to a security interest.