Builders Exchange, Inc

question 6

Multiple Choice

Builders Exchange, Inc., issues an instrument in favor of Custom Construction Company. For the instrument to be negotiable, it must

• A) ​be a conditional promise or order to pay.
• B) ​be payable on demand or at a specific time.
• C) ​be signed by the payee.
• D) ​recite the consideration given in exchange for it.

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Definitions:

Labor Organizing

The effort by workers to form, join, or assist a union to represent their collective interests in the workplace.

National Labor Relations Board

A federal agency in the United States that oversees labor practices, ensuring the rights of employers and employees under labor laws.

Fair Labor Standards Act

A United States law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards for full-time and part-time workers in the private sector and in federal, state, and local governments.

Wage-and-Hour Issues

Concerns related to compliance with laws governing the payment of wages, overtime, and the scheduling of working hours.