A Lack or Failure of Consideration Is No Defense to Payment

question 42

True/False

A lack or failure of consideration is no defense to payment of a negotiable instrument to any holder.

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Definitions:

Class Structure

The organization of society into a hierarchy of social classes or groups based on factors like wealth, occupation, or social status.

Schools' Function

The role of educational institutions in society, including imparting knowledge, fostering socialization, and preparing individuals for future employment and civic participation.

Pygmalion In The Classroom

A phenomenon whereby higher expectations placed upon individuals, often students by teachers, lead to better performance, essentially a self-fulfilling prophecy in educational settings.

Hidden Curriculum

The unwritten, unofficial, and often unintended lessons, values, and perspectives that students learn in school.