Beth, an Accountant for Credits & Debits, Acquires a Negotiable

question 14

Multiple Choice

Beth, an accountant for Credits & Debits, acquires a negotiable instrument from Ellen by promising to pay its face value in thirty days. Beth acquires the status of an HDC when she

• A)acquires possession of the negotiable instrument.
• B)agrees with Ellen to buy the negotiable instrument.
• C)pays the face value due on the instrument.
• D)transfers the instrument to another party.

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Definitions:

Lay Witness

An individual who provides testimony in a legal proceeding about what they observed or experienced directly, not requiring specialized knowledge or expertise.

Nonattorney Status

The classification of an individual who is not licensed to practice law or deliver legal advice.

Initial Client Interview

The first meeting between a client and a professional (usually a lawyer) to discuss the client’s issue, objectives, and possible representation.

Expert Witness

A specialist in a particular field whose opinion may help a court understand evidence or determine the fact of an issue.