Which of the Following Is an Article 3 Personal Defense

question 83

Multiple Choice

Which of the following is an Article 3 personal defense to liability on a negotiable instrument?

• A) Nonissuance of an instrument.
• B) Modification of obligation by separate agreement.
• C) Nondelivery of the instrument.
• D) Nonissuance of an instrument, modification of obligation by separate agreement, and nondelivery of the instrument.
• E) Nondelivery of the instrument or nonissuance of the instrument, but not modification of obligation by separate agreement.

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Definitions:

Supply-Side Approach

An economic theory that advocates reducing barriers and taxes on the producers of goods and services to stimulate production and economic growth.

Tax Benefits

are reductions in tax obligations, given to encourage certain activities or investments, such as deductions, exemptions, or credits.

Start-Up Companies

New businesses that are in the initial stages of operation, often characterized by innovative products or services and high growth potential.

Growth Increase

An upward trend in the expansion of an economy or business, indicated by rising output, sales, or other success metrics.