A Transferor May Be Able to Set Aside a Negotiation

question 24

Multiple Choice

A transferor may be able to set aside a negotiation obtained by fraud or duress unless:

• A) a minor is involved.
• B) the negotiation was part of an illegal transaction.
• C) the negotiation was beyond the powers of the corporation.
• D) the instrument has been acquired in the meantime by a holder in due course who did not know of the misconduct.

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Definitions:

Sex-Linked

A characteristic, such as a genetic disorder, that is determined by genes located on the sex chromosomes, typically the X or Y chromosome.

Disorders

Conditions or ailments that disrupt normal physiological or psychological functions.

Males

Refers to the biological and physiological characteristics that define humans as male.

Genetics

The branch of biology that studies genes, heredity, and variation in living organisms, explaining how traits are passed from parents to offspring.