Which of the Following Is True About the European Commission

question 10

Multiple Choice

Which of the following is true about the European Commission?

• A)The European Union's competition commissioner has been gaining influence as the chief regulator of competition policy in the member nations of the European Union.
• B)The European Commission has to be approved by the Council of the European Union before it can begin work.
• C)The European Commission does not have a policing role with respect to European Union laws.
• D)The legislation proposed by the European Commission goes directly to the European Parliament.
• E)The European Commission is the ultimate controlling authority within the European Union.

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Definitions:

Negotiable Instrument

A formal written commitment to pay a particular amount of money, either when asked or at an agreed-upon time, with the individual who will make the payment specified in the document.

Enforceable Assignment

A transfer of rights or property that is valid under law, allowing the assignee to enforce the assignment against the assignor and possibly against third parties.

Words Of Negotiability

Words of negotiability are specific phrases or terms included on financial instruments like checks or promissory notes that allow them to be transferred from one party to another.

Bearer Instruments

Financial documents that accord ownership or payment to the person physically holding the document.