Jeff Convinces Kraus,who Does Not Understand English,to Sign a $1,000

question 22

Multiple Choice

Jeff convinces Kraus,who does not understand English,to sign a $1,000 note that Kraus believes is an application for a credit card.Jeff negotiates the note to Loni.Kraus​ 

• A) ​can avoid payment on the note even if Loni is an HDC. 
• B) ​can avoid payment on the note only if Loni is a holder. 
• C) ​must pay Loni the amount that it paid for the note. 
• D) ​must pay the note in full.

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Definitions:

Competitor

An entity that operates in the same industry or market as another, offering similar goods or services.

OTC Model

A model where securities are bought and sold via a dealer network as opposed to on a centralized exchange.

Allocate Costs

The process of assigning costs, often indirect, to different departments, projects, or activities based on benefits received or other equitable relationships.