When Determining Probable Cause, Police May Consider

question 12

Multiple Choice

When determining probable cause, police may consider:

• A)what they have personally observed.
• B)what they have been told by reliable informants.
• C)what inferences follow from known facts.
• D)all of the above.

Grasp the legal effects of fraud, unauthorized completion or alteration, and the dishonor of instruments on holder in due course status.

Understand the statutory timeframe concerning the overdue status of time and demand instruments.

Recognize the broad definitions of signature and execution as per the Uniform Commercial Code.

Differentiate between conditionally and unconditionally liable parties on negotiable instruments.

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Definitions:

Accrued Interest

Interest that has been earned but not yet received or paid out, commonly associated with bonds and loans.

Commission

Payment to an employee or to an agent for performing or helping to perform a business transaction or service.

Accrued Interest

The amount of interest that has accumulated on a loan or bond over a specific period but has not yet been paid.

Semiannually

Occurring twice a year; every six months.