Examlex
The impostor rule is an exception to the general rule that negotiation of any order instrument requires a valid indorsement by the person to whose order the instrument is payable.
Truth Table
A mathematical table used in logic to determine the veracity of various propositions under all possible scenarios.
Hypothetical Syllogism (HS)
A form of deductive reasoning that connects two conditional statements to arrive at a conclusion, if P then Q; if Q then R, therefore if P then R.
Modus Ponens (MP)
A valid form of argument where if a conditional statement ("if p then q") is accepted, and the antecedent (p) is true, then the consequent (q) must also be true.
Modus Tollens (MT)
A form of logical argument where, from "If P then Q" and "Not Q," it follows that "Not P."
Q12: Jared drives his car knowing that the
Q17: An authorization to confess judgment on the
Q24: In the Carter v.Tokai Financial Services, Inc.case,
Q28: To be negotiable, the instrument must satisfy
Q35: A buyer's cancellation of a contract based
Q46: D has owed C a debt of
Q47: A finance lease is a special type
Q55: What is the effect of a payor
Q78: A payor bank is required to dishonor
Q98: Which of the following would not be