If a Negotiable Order Instrument Is Transferred to Another Party

question 16

Multiple Choice

If a negotiable order instrument is transferred to another party without an indorsement, the instrument has been:

• A) assigned.
• B) negotiated.
• C) obtained by fraud, and is therefore invalid.
• D) obtained by fraud, but may be ratified.

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Definitions:

Incidence Rates

denote the frequency at which new cases of a disease or condition occur in a population over a specified period of time.

Mortality Rates

The measure of the frequency of occurrence of death in a defined population during a specified period.

Seasonal Influenza

An infectious respiratory illness caused by influenza viruses that occur seasonally, typically in the fall and winter.

Age-Specific Mortality Rate

The death rate within a specific age group in a population during a certain time period.