A Transferor May Be Able to Set Aside a Negotiation

question 24

Multiple Choice

A transferor may be able to set aside a negotiation obtained by fraud or duress unless:

• A) a minor is involved.
• B) the negotiation was part of an illegal transaction.
• C) the negotiation was beyond the powers of the corporation.
• D) the instrument has been acquired in the meantime by a holder in due course who did not know of the misconduct.

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Definitions:

Physician's Office Laboratory

A small lab located within a physician's office where various tests are performed on-site to aid in the quick diagnosis and treatment of patients.

Turnaround Time

The amount of time taken to complete a process, task, or fulfill an order from start to finish.

Technological Resources

Assets in the form of technology, such as software and hardware, that assist in the operations and management of an organization.

Moderate-complexity Tests

Laboratory tests that require a moderate level of expertise, equipment, and interpretative judgment.