Which of the Following Is True

question 99

Multiple Choice

Which of the following is true?

• A) To remain in office, a politician must try to enact policies that gain him votes for his reelection and increase the support coming from contributors.
• B) A politician always attempts to pursue policies that are good for society even if they are strongly opposed by many of her constituents or contributors.
• C) Politicians generally place more weight on how their decisions affect future costs and benefits than on how they affect present costs and benefits.
• D) The value of being in office is so low that most political candidates spend very little on campaigns to try to win (or keep) elected office.

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Definitions:

Ordinary Holder

In financial terms, an average investor or party holding financial instruments, securities, or other assets under normal circumstances.

HDC

Refers to a Holder in Due Course, a legal term describing a party that has acquired a negotiable instrument under certain conditions, protecting them against certain defenses.

Presentment Warranties

Guarantees made by the presenter of a negotiable instrument that certain facts are true at the time of negotiation.

Altered Instrument

A legal term referring to a document, particularly a negotiable instrument, that has been illegally modified in a way that changes its original terms.