Revised Article 3 Eliminates the Particular Fund Doctrine by Providing

question 20

True/False

Revised Article 3 eliminates the particular fund doctrine by providing that a promise or order is not made conditional because payment is to be made only out of a particular fund.

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Definitions:

Punitive Damages

Financial compensation awarded in lawsuits, over and above the actual loss, intended to punish the defendant for malicious or extremely negligent actions.

Wrongful Discharge

The termination of an employee's contract or employment without legal justification or in violation of the terms of the contract or employment laws.

Age Discrimination

Unfair treatment or bias against individuals or groups based on their age, often seen in employment practices.

Merit

The quality of being particularly good or worthy, especially so as to deserve praise or reward.