If an Instrument Is Drawn in Favor of a Named

question 3

True/False

If an instrument is drawn in favor of a named officer of a corporation, the instrument is payable only to that officer. .

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Definitions:

Civic Virtue

The cultivation of habits important for the success of the community. Emphasizes actions that support the collective well-being.

Self-interest

The motivation by individuals to pursue actions or goals that are beneficial to themselves.

Common Good

A concept that refers to either policies or actions that benefit all members of a given community or society.

Veto Power

The authority to reject or prohibit proposals or laws, often held by a president, governor, or other leader.