Mortimer Negotiates an Instrument to Nadia

question 4

Multiple Choice

Mortimer negotiates an instrument to Nadia. Negotiation is the transfer of an instrument

• A) for valuable consideration under a contract.
• B) in such form that the transferee becomes a holder.
• C) pursuant to preliminary contract discussions.
• D) without the payment of a recognized medium of exchange.

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Definitions:

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A type of court where federal cases are tried, evidence is presented, and legal disputes are settled at the first level of the federal judiciary.

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A legal reporter series that publishes selected rulings from the United States Courts of Appeals that are not published elsewhere.

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