Someone Who Would Argue That the State Should Not Restrict

question 24

Multiple Choice

Someone who would argue that the state should not restrict obscene material, require seat belt usage, criminalize drug possession, or levy more than the most minimal of taxes, could be classified as:

• A) A conservative
• B) A libertarian
• C) A socialist
• D) An extremist

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Definitions:

Holder In Due Course

A party possessing a negotiable instrument, such as a check, who took the instrument in good faith, for value, and without notice of any defect or claim against it.

Cashed Check

A check that has been presented to a bank or financial institution and exchanged for the equivalent amount in cash.

Breach Of Contract

The violation of any agreed-upon terms or conditions in a binding contract, which can lead to legal action for enforcement or damages.

HDC

Holder in Due Course, a term in commercial law referring to a person who has acquired a negotiable instrument in good faith and for value, and thus has certain protections.