Data Requests Should Be Specific Because

question 24

Multiple Choice

Data requests should be specific because

• A) vagueness is a basis for objection by the opposing party.
• B) it requires lesser initial efforts.
• C) with lesser specificity, there is a greater risk of accidental exclusions.
• D) it eliminates the requirement of any supporting documents.

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Definitions:

Bearer Instrument

A negotiable financial instrument that is payable to the holder or presenter.

HDC

Stands for Holder in Due Course, a term in commercial law referring to an individual who has acquired a negotiable instrument in good faith and for value, therefore, has certain protections.

Promissory Note

A written promise to pay a specified sum of money to a designated person at a specified date or on demand.

Indorses In Blank

A term referring to the endorsement of a negotiable financial instrument without specifying the endorsee, making it payable to the holder.