On Its ________ General Electric Posts Requests for Proposals, Negotiates

question 118

Multiple Choice

On its ________ General Electric posts requests for proposals, negotiates terms, and places orders.

• A) direct e-procurement page
• B) company buying site
• C) consumer web site
• D) direct extranet links to major suppliers
• E) buying alliances

Grasp the concept of primary and secondary liability in negotiable instruments.

Recognize the significance of representation and personal liability in transactions involving negotiable instruments.

Understand the implications of altered or forged negotiable instruments and the protections available to holders in due course.

Know the legal responsibilities of accommodation parties and their liability.

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Definitions:

Fair and Accurate Credit Transactions Act

A federal law aimed at enhancing consumer protections against identity theft and ensuring the accuracy of credit information.

Fair Credit Reporting Act

A federal law designed to ensure the accuracy, fairness, and privacy of information in consumer credit bureau files, and to protect consumers from unfair credit reporting practices.

Identity Theft

The fraudulent acquisition and use of a person's private identifying information, usually for financial gain.

Federal Trade Commission

A United States federal agency established to enforce antitrust and consumer protection laws to ensure healthy competition and protect consumers from unfair business practices.