Ordinary Nonphysical and Nonviolent Duress That Causes the Transfer of a Negotiable

question 51

Multiple Choice

Ordinary nonphysical and nonviolent duress that causes the transfer of a negotiable instrument:

• A) prevents its negotiation.
• B) is a good defense against a holder in due course of the instrument.
• C) is subject to rescission before the instrument is transferred to a holder in due course.
• D) is a good defense against the maker of a note.

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Definitions:

Striver

An individual who is determined to succeed and improve their social or economic status, often through hard work and ambition.

VALS Typology

A proprietary research methodology used for psychographic market segmentation and consumer profiling.

Ethical Code

A set of principles designed to guide behavior in accordance with moral standards and integrity.

Believers

Individuals who accept or trust in something without requiring empirical evidence, often used in the context of religious faith.