If a Theory's Predictions Are Incorrect

question 20

Multiple Choice

If a theory's predictions are incorrect,

• A)then economists always reject it.
• B)then the data used was clearly faulty.
• C)then economists will likely reduce their confidence in the theory.
• D)then the model must be too simple.

Understand the process and implications of alteration and forgery in negotiable instruments.

Learn the requirements and implications of indorsement and negotiation in the context of transfers and liabilities.

Distinguish between primary and secondary liability on a negotiable instrument.

Analyze how negligence affects liability in cases of altered or unauthorized negotiable instruments.