Which of the Following Is True About the Justice of the Peace

question 37

Multiple Choice

Which of the following is true about the justice of the peace system?

• A)It is still used in Massachusetts.
• B)It is still used in most urban areas.
• C)It is being gradually phased out.
• D)Most rural areas phased it out in the 1980s.
• E)It is no longer used in Arkansas and Louisiana.

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Definitions:

UCC Section 3-401

A provision within the Uniform Commercial Code that pertains to the authorization and validity of signatures on negotiable instruments, contributing to their enforceability.

Negotiable Instrument

A signed document promising payment to a specified person or the bearer under certain conditions, like checks, drafts, and promissory notes.

Indorser's Liability

The responsibility borne by a person who endorses a negotiable instrument, such as a check, potentially making them liable for its payment.

Presentment

The formal presentation of a financial instrument, such as a check, for payment.