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You Are Flipping Through Channels on TV When You Come

question 61

Multiple Choice

You are flipping through channels on TV when you come upon a French-speaking station.You do not speak French,and you are amazed at how quickly it is spoken.Which of the following factors is most relevant for explaining this reaction?


Definitions:

Dishonor

To refuse to accept or pay a negotiable instrument when it is presented.

Drawee

The party named in a draft who is ordered to pay the money to the payee.

Holder in Due Course

is a legal term for a person who has acquired a negotiable instrument in good faith and is protected against certain defenses, ensuring the enforceability of the instrument.

Negotiable Instrument

A paper ensuring the payment of a certain sum of money, either upon request or at a predetermined time, with the document specifying the person responsible for payment.

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