One of the Basic Requirements for an Instrument to Be

question 46

Multiple Choice

One of the basic requirements for an instrument to be negotiable is that it must be payable:

• A) to a specific person.
• B) in cash or kind.
• C) "to order" or "to bearer."
• D) on fulfillment of a conditional promise.

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Definitions:

Masterminded

Describes the act of planning, organizing, and executing a complex project or scheme, often used in the context of innovative or nefarious activities.

North Korean Attack

Refers to military aggressions initiated by North Korea against other countries.

Soviet Union

The Soviet Union, officially known as the Union of Soviet Socialist Republics (USSR), was a socialist state in Eurasia that existed from 1922 to 1991.

Third World Nations

originally used to describe countries not aligned with either the NATO bloc (First World) or the Communist bloc (Second World) during the Cold War, now often refers to developing or underdeveloped countries.