On the Basis of the Most Recently Available Information, the Racial-Ethnic

question 26

Multiple Choice

On the basis of the most recently available information, the racial-ethnic group with the highest divorce rate in the United States is

• A)Asian.
• B)African American.
• C)non-Hispanic white.
• D)Native American.

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Definitions:

Failure Of Consideration

occurs when the promised performance in a contract is not delivered, rendering the contract voidable or void.

Revised Article 3

Amendments made to Article 3 of the Uniform Commercial Code, which governs negotiable instruments like checks and drafts, to modernize and clarify its provisions.

Claims

Formal requests or demands for payment or compensation for losses or damages covered under an insurance policy.

Without Recourse

A term indicating that the seller of a financial instrument or property transfers all risk of non-payment or defect to the buyer, absolving the seller of liability.