If an Instrument Fails to Qualify as a Negotiable Instrument,which

question 40

Multiple Choice

If an instrument fails to qualify as a negotiable instrument,which of the following statements is true?

• A)The instrument by definition is a good contract only if it is made out in an amount more than $1,000.
• B)The instrument by definition is a good contract only if it is made out in an amount less than $1,000.
• C)The instrument by definition is a good contract.
• D)Failure to qualify as a negotiable instrument does not mean the instrument fails to be a good contract.
• E)The instrument by definition fails to be a good contract.

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Definitions:

Diplomatic Isolation

A foreign policy strategy where a country is intentionally excluded from international diplomacy and negotiations by other countries, often to express disapproval of its policies or actions.

Real Whigs

The Real Whigs were a political movement in 18th-century Britain that opposed absolute monarchy and advocated for the rights and liberties of the common people, influencing American revolutionary thought.

Monarchical Government

A form of government where a monarch (king, queen, emperor) holds sovereign authority until death or abdication, often inheriting their position by birth.

Liberty

The state of being free within society from oppressive restrictions imposed by authority on one's way of life, behavior, or political views.