Suppose Sharwin Purchased $25 000 in Candles from Maggie,but Expressed

question 42

Multiple Choice

Suppose Sharwin purchased $25 000 in candles from Maggie,but expressed to Maggie that he did not have enough cash at the time to pay it all up front.Maggie decides to accept instalment payments from Sharwin at $5 000 each,with a clause stating that defaulted payments give Maggie the immediate right to claim her $25 000 owing plus interest.The negotiable instrument and its respective clause in this situation are

• A)a bill of exchange with a lump sum clause.
• B)a certified cheque with an acceleration clause.
• C)a bill of exchange with a notice of dishonor.
• D)a promissory note with a notice of dishonor.
• E)a promissory note with an acceleration clause.

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Definitions:

Apgar Scoring System

A medical scoring system used to assess the health of newborns immediately after birth, focusing on five important criteria: Appearance, Pulse, Grimace, Activity, and Respiration.

Cognitive Development

The manner in which people learn to think, reason, and use language; it involves a person’s intelligence, perceptual ability, and ability to process information, and represents a progression of mental abilities from illogical to logical thinking, from simple to complex problem solving, and from understanding concrete ideas to understanding abstract concepts.

Musculoskeletal Development

The growth and strengthening of bones, muscles, and joints, which is crucial for physical movement and stability.

Birth Weight

The weight of a newborn immediately after birth, a critical indicator of neonatal health and future development.