Because a Maker Who Issues an Incomplete Note Will Normally

question 66

True/False

Because a maker who issues an incomplete note will normally be liable for payment even if the note is later completed in an unauthorized manner, the alteration can be claimed as a defense against an HDC.

---

Definitions:

Production Function

An equation, table, or graph that shows the maximum output that can be produced with a given set of inputs, based on the technology available.

Labor

Human endeavor, incorporating both the physical and the mental, aimed at producing goods and services.

Demand Curve

A graphical representation of the demand function, showing the relationship between the price of a good and the quantity demanded, typically downward-sloping.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that consumers are willing to purchase at different prices.