Which of the Following Statements Holds True for Conversion

question 47

Multiple Choice

Which of the following statements holds true for conversion?

• A)Conversion occurs if an instrument has the indorsement necessary for negotiation.
• B)Conversion occurs if an instrument is purchased or paid by a drawee to a person entitled to payment.
• C)An action for conversion may not be brought by the maker,drawer,or acceptor of the instrument.
• D)An action for conversion may not be brought by a payee or an indorsee who received delivery of the instrument.

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Definitions:

Nerve fibers

Long projections of nerve cells that transmit electrical impulses throughout the body.

Cerebellum

An area of the brain inferior to the cerebrum that coordinates complex skeletal muscle coordination.

Pons

A part of the brain located above the medulla and below the midbrain, involved in regulating breathing, communication between different parts of the brain, and sensations such as hearing and taste.

Medulla oblongata

A region of the brainstem that controls vital body functions such as breathing, heart rate, and blood pressure.