With Regard to Negotiable Instruments, Which of the Following Is

question 126

Multiple Choice

With regard to negotiable instruments, which of the following is false?

• A) A cheque is a bill of exchange drawn on a bank, payable on demand.
• B) A cheque that has been certified cannot be countermanded by the drawer.
• C) A negotiable instrument used to advance credit in a consumer transaction must be marked "consumer purchase."
• D) Bills of exchange can be made payable for some future date.
• E) A drawer of a cheque can refuse to pay any holder of it if the drawer can prove that the payee obtained the cheque by fraud.

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Definitions:

Generalization Task

A task designed to assess the extent to which learned behavior is displayed in response to stimuli that are similar, but not identical, to the stimulus present during training.

Resurgence

The conditioned stimulus (CS) eliciting a conditioned response (CR) in a new context after extinction in conditioning context.

Occasion Setting

The process by which a stimulus signals the appropriate context for a certain response or behavior to occur.

Orbital Frontal Cortex

A region of the frontal lobes of the brain involved in the cognitive processing of decision-making and emotion regulation.