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Which of the Following Is Not True of the Texas

question 53

Multiple Choice

Which of the following is not true of the Texas Constitution of 1845?


Definitions:

Bearer

An individual in possession of a negotiable instrument or security that is payable to whomever holds the document.

Holder in Due Course

A legal term referring to a party that has acquired a negotiable instrument in good faith and for value, with certain protections against previous claims.

Good Faith

An implied promise to act honestly and not take unfair advantage in transactions.

Primarily Liable

Refers to the party or entity that bears the main responsibility in fulfilling an obligation or debt, without dependence on the failure of another party.

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