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.

---

Definitions:

College Students

Individuals enrolled in institutions of higher education to pursue various academic degrees or certifications.

Midlife Transition

A period of life, often around middle age, where individuals undergo significant personal reevaluation and change.

Moratorium

A temporary suspension or delay of an activity or a law, often used in the context of legal matters or developmental psychology as a period of identity exploration.

Kohlberg's Stages

A theory proposed by Lawrence Kohlberg that outlines the stages of moral development individuals go through, from basic obedience to universal principles of justice.