If the Choice of Whether an Instrument Is Payable in Either

question 20

True/False

If the choice of whether an instrument is payable in either cash or goods is left up to the holder, the instrument is not negotiable.

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Definitions:

Identification

The psychological process in which an individual assimilates an aspect, property, or attribute of the other and is transformed, wholly or partially, by the model the other provides.

Phallic Stage

A phase in Freud's psychosexual development theory occurring between the ages of three and six, where the libido's focus is on the genital area.

Latency Development

A phase in psychosexual development following the phallic stage, characterized by a decrease in sexual urges and interests.

Conflict Resolution

The process by which two or more parties find a peaceful solution to a dispute, disagreement, or divergence of views and interests.