What Is the Term for When Law Renders an Obligation

question 12

Multiple Choice

What is the term for when law renders an obligation to pay an instrument void.

• A)Forgery
• B)Comity
• C)Illegality
• D)Duress

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Definitions:

Agricultural Adjustment Act

A United States federal law of the New Deal era designed to boost agricultural prices by reducing surpluses, through paying farmers to reduce crop area.

Reagan Administration

The period of U.S. governance from 1981 to 1989 under President Ronald Reagan, marked by significant economic policy shifts, including tax cuts and deregulation.

Parity

The state or condition of being equal, especially regarding status or pay, or in finance, an equivalence in value or standing.

Agricultural Policy

A set of laws and regulations adopted by a government to control the agricultural sector's market, including prices, subsidies, and support for farmers.