Revised Article 3 Eliminates the Particular Fund Doctrine by Providing

question 65

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:

African Descent

Relating to people whose ancestors were native to the African continent, often used in the context of discussions on race and identity.

Approximately

A term used to indicate that a given number or description is close to, but not exactly, a specific value or detail.

Annual Holiday

A yearly recurring festival or celebration, often marked by a specific tradition or honor, recognized either nationally, culturally, or religiously.

Emancipation

The act of freeing someone from slavery, servitude, or constraint.