When an Incomplete Instrument Is Completed After It Has Left

question 35

Multiple Choice

When an incomplete instrument is completed after it has left the drawer's hands,a holder in due course can:

• A)enforce it as completed.
• B)enforce only the intent of the drawer.
• C)do nothing-he/she loses any rights to the instrument.
• D)not enforce it as completed.

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Definitions:

Long Run

A period in which all factors of production and costs are variable, allowing firms to adjust all inputs.

Patents

Legal documents that grant an inventor exclusive rights to manufacture, use, or sell an invention for a certain number of years.

Monopoly Power

The control held by a single entity over the entire market for a product or service, allowing it to significantly influence or set prices.

Lawsuits

Legal actions taken by one party against another for the redress of grievances in a court of law.