Jen Is the Maker of a Note, on Which Bart

question 41

Multiple Choice

Jen is the maker of a note, on which Bart is secondarily liable. Credit Instruments Company (CIC) is the current holder of the note. Bart will be obligated to pay the note if​

• A) ​Jen defaults on the note.
• B) ​CIC breaches a transfer warranty.
• C) ​CIC negotiates the note to Delta Collection Agency, a third party.
• D) ​CIC presents the note for payment.

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Definitions:

Deadly Force

Employing force that has a high probability of resulting in death or significant injury.

Inmate Escape

The act of a prisoner leaving custody without permission, which can range from breaking out of a secure facility to walking away from a minimum-security setting.

U.S. Supreme Court Case

Legal disputes that reach the highest court in the United States, often involving significant constitutional or federal questions.

Guards' Response

The actions or reactions of security or prison guards to situations involving inmates, visitors, or security breaches within their area of responsibility.