Oliver Signs an Instrument That States It Is Being Executed

question 29

Multiple Choice

Oliver signs an instrument that states it is being executed "as per a contract for the sale of a case of apples dated May 1." This instrument is

• A) negotiable.
• B) nonnegotiable, because banks cannot easily process commodities.
• C) nonnegotiable, because it includes the specific date of a contract.
• D) nonnegotiable, because it refers to an express contract.

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Definitions:

Conscious Mind

The aspect of the mind that involves awareness of the immediate surroundings, thoughts, and sensations.

Libido

A term often used in psychoanalytic theory to denote the energy associated with the sexual drive and desire.

Id

In psychoanalytic theory, the part of the mind in which innate instinctual impulses and primary processes are manifest.

Superego

The component of the human psyche in Freudian psychoanalytic theory that mediates between the primal desires of the id and the moral standards of the ego, often associated with conscience.