Revised UCC Article 3 Refers to Which of the Following

question 41

Multiple Choice

Revised UCC Article 3 refers to which of the following parties as secondary obligors?

• A) drawers
• B) indorsers
• C) accommodation parties
• D) all of the above

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Definitions:

Manipulation

The act of controlling or influencing someone or something in a skillful but often unfair or deceitful way.

Co-optation

A strategy by which members of other groups are brought into a beneficial relationship or partnership, often to neutralize potential opposition.

Explicit Coercion

The clear and direct use of force or threats to compel someone to act in a desired manner.

Education and Communication

The process of imparting knowledge, skills, and information through teaching and making connections between individuals or groups.