What Party Is Subject to Claims Arising from an Original

question 31

Multiple Choice

What party is subject to claims arising from an original contract of sale?

• A) an assignee of non-commercial debt
• B) a holder in due course
• C) a holder of a consumer note
• D) a holder of a negotiable instrument

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Definitions:

Cathode

An electrode through which electrons move outwards in a circuit; often associated with the reduction process in electrochemical reactions.

Electrolyte

A chemical compound that, when melted or dissolved in water or another solvent, dissociates into ions and becomes capable of conducting electricity.

Rectification

The process of converting alternating current (AC) to direct current (DC) using diodes or other rectifying devices.

Direct Current

Electrical current that flows only from zero to positive and does not alternate negative and positive as AC does; the type of current created by the use of a battery.