Which of the Following Is the General Rule When It

question 43

Multiple Choice

Which of the following is the general rule when it is not possible to determine the status of the signer of an instrument?

• A) The party is considered the maker.
• B) The party is considered the acceptor.
• C) The party is considered the drawer.
• D) The party is considered the endorser.
• E) The party is considered an accommodation party.

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Definitions:

Conclusion

The final statement in a logical argument that follows from the premises.

Importance

The state or fact of being of great significance or value.

Implicit Premise

A premise that is assumed by an argument but is not stated.

Plane Ticket

A document, issued by an airline or a travel agency, to confirm an individual's entitlement to a seat on a flight on an aircraft.