A Holder Takes an Instrument for Value If the Holder

question 57

True/False

A holder takes an instrument for value if the holder has performed the promise for which the instrument was issued.​

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Definitions:

Self-Serving Bias

A common cognitive bias that causes individuals to attribute their successes to internal factors and their failures to external ones.

Dispositional Causes

Internal factors, such as personality traits or attitudes, that influence an individual's behavior.

Ego Strength

Refers to the ability of the ego to effectively deal with the demands of reality, control impulses, and handle stress.

Fundamental Attribution Error

The tendency for observers to overemphasize personality traits and underestimate situational factors when explaining others' behaviors.