What Is the Effect of the Instruments Being Written by Hand

question 30

Multiple Choice

What is the effect of the instruments being written by hand?

• A)Handwriting does not prevent the instrument from being considered negotiable only because Sophie would not be considered a merchant in the transaction at issue,and Reza's status as a merchant is irrelevant.
• B)Handwriting does not prevent the instruments from being considered negotiable only because neither Sophie nor Reza would be considered merchants in the transactions at issue.
• C)The issue of the instruments being handwritten does not prevent either from being considered negotiable.
• D)Handwriting does not prevent the instruments from being considered negotiable only because Reza would not be considered a merchant in the transaction at issue,and Sophie's status as a merchant is irrelevant.
• E)Handwriting does not prevent the IOU instrument from being negotiable,but it does prevent the other instrument from being negotiable.

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Definitions:

Prevailing Beliefs

Widely accepted opinions or convictions held by a majority within a society at a given time.

Canada Health Act

A piece of Canadian federal legislation that sets out the primary objective of Canadian health care policy, which is to ensure that all eligible residents of Canada have reasonable access to insured health services without direct charges.

Constitutional Rights

Refer to the rights afforded to individuals by a country's constitution, protecting citizens from government overreach and ensuring freedoms such as speech, assembly, and religion.

Two-Tier System

A system divided into two distinct categories, often creating a hierarchy or a system of prioritization.