A Negotiation May Be Valid to Transfer the Instrument Even

question 62

Multiple Choice

A negotiation may be valid to transfer the instrument even under which of the following condition(s) ?

• A) The negotiation is made by an infant.
• B) The negotiation is made by a person without capacity.
• C) The negotiation is part of an illegal transaction.
• D) All of these.
• E) None of these.

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Definitions:

Partnership

An authorized business setup in which a group of individuals jointly manage the operation and distribution of profits.

Profit Share

A portion of a company's profits allocated to its employees, shareholders, or partners, often as an incentive or reward.

Capital Balances

Capital balances represent the amount of capital a business or individual has invested or retained in a company, often reflecting ownership equity.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs from total revenue.