The Rights of a Holder of a Negotiable Document of Title

question 67

Multiple Choice

The rights of a holder of a negotiable document of title to whom it has been duly negotiated include:

• A) title to the goods.
• B) all rights accruing under the law of agency or estoppel.
• C) title to the document.
• D) All of these are rights.

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Definitions:

Learned Irrelevance

The presentation of a stimulus without an unconditioned stimulus (UCS) leads to the recognition that the stimulus is irrelevant, stops attention to that stimulus, and impairs conditioning when the stimulus is later paired with the UCS.

Conditioned Stimulus

A previously neutral stimulus that, after being repeatedly paired with an unconditioned stimulus, starts to trigger a conditioned response similar to the response to the unconditioned stimulus.

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without the need for prior learning.

Wagner

A reference to theories postulated by Robert A. Rescorla and Allan R. Wagner on conditioning processes, focusing on the associative strength between stimuli and responses.