Which of the Following Statements Is False

question 128

Multiple Choice

Which of the following statements is false?

• A) If latent conflict factors are present, conflict must be perceived by the parties.
• B) Latent conflict does not necessarily lead to manifest conflict.
• C) Some conflict episodes happen without felt conflict.
• D) If the conflict episode is settled satisfactorily, the conflict aftermath may have no latent conflict.

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Definitions:

Revised Article 3

Amendments made to Article 3 of the Uniform Commercial Code, which governs negotiable instruments like checks and drafts, to modernize and clarify its provisions.

Claims

Formal requests or demands for payment or compensation for losses or damages covered under an insurance policy.

Without Recourse

A term indicating that the seller of a financial instrument or property transfers all risk of non-payment or defect to the buyer, absolving the seller of liability.

Specially Endorses

When a negotiable instrument, such as a check, is endorsed by specifying the person to whom it should be paid, creating restrictions on its further negotiation.