Ken Presents an Instrument That States "Pay to the Order

question 37

Multiple Choice

Ken presents an instrument that states "pay to the order of Laura" to Metro Bank for payment. This is the most common type of negotiable instrument regulated by the Uniform Commercial Code, which is

• A) a substitute check.
• B) a check.
• C) a electronic fund transfer.
• D) a payment via a mobile device.

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Definitions:

Enabling Statutes

Enabling statutes are laws passed by a legislative body that grant certain powers or authority to a government agency or an official to implement or enforce other laws.

Administrative Regulatory Agency

A governmental body responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity.

Freedom of Information Act Exemptions

are specific categories of information exempted from disclosure under the Freedom of Information Act, including matters of national security, personal privacy, and law enforcement.

National Security

National security refers to the measures taken by a state to ensure its survival, sovereignty, and the protection of its citizens from external and internal threats.