Which of These Is True Regarding "Failure of Consideration" and "Lack

question 22

Multiple Choice

Which of these is true regarding "failure of consideration" and "lack of consideration"?

• A)They are real defenses which can be used against holders in due course.
• B)Failure of consideration is a real defense and lack of consideration is a personal defense.
• C)Failure of consideration is a personal defense and lack of consideration is a real defense.
• D)They are personal defenses which cannot be used against holders in due course.

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Definitions:

Probabilistic Thinking

The ability to understand and reason with probabilities, recognizing that most predictions about the future involve some level of uncertainty.

Placebo Effect

Occurs when individuals receiving a placebo (a “dummy” version of a treatment) experience improvement in their symptoms and attribute the improvement to the placebo.

Relativistic Thought

The essence of postformal thought in which several truth systems exist describing the reality of the same event, and they appear to be logically equivalent.

Inherent Contradictions

Fundamental conflicts or inconsistencies within theories, propositions, situations, or within the nature of things that are often difficult to resolve.