The Code Determines Negotiability at ________,So That Indorsements Do Not

question 77

Multiple Choice

The Code determines negotiability at ________,so that indorsements do not affect the underlying negotiability of the instrument.

• A)precompliance
• B)abeyance
• C)issuance
• D)disaffirmance

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Definitions:

Operation Of Law

Changes in legal status or rights due to the application of law, rather than as a result of an agreement or court order.

Flower Pots

Containers used for planting, growing, and displaying flowers and other plants, made from various materials.

Catharsis

A process of releasing, and thereby providing relief from, strong or repressed emotions, often through art, drama, or conversation.

Displacement

A defense mechanism where the mind substitutes either a new aim or a new object for goals felt in their original form to be dangerous or unacceptable.