When a Party Signs a Negotiable Instrument Without Knowing That

question 9

Multiple Choice

When a party signs a negotiable instrument without knowing that it is,in fact,a negotiable instrument,the party can claim ________.

• A)negligence
• B)recklessness
• C)malice
• D)fraud in the factum
• E)fraud in the factum and fraud in the inducement

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Definitions:

Market Price

The current market price for purchasing or selling goods or services.

Opportunity Cost

The benefit lost when one decision is made over another, effectively the cost of forgoing the next best alternative.

Park Construction

The process of designing, planning, and building an area of land with recreational facilities, natural elements, and landscaping intended for public use.

Necessary Increase

An essential rise in quantity or capacity required to meet a specific need or to maintain equilibrium.