Dirk Is the Maker of a Note,on Which Erv Is

question 18

Multiple Choice

Dirk is the maker of a note,on which Erv is secondarily liable.Friendly Credit Company is the current holder of the note.Erv will be obli?gated to pay the note if

• A)Dirk defaults on the note.
• B)Friendly Credit breaches a transfer warranty.
• C)Friendly Credit negotiates the note to a third party.
• D)Friendly Credit presents the note for payment.

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Definitions:

Transnational Corporations

Large companies that operate and have assets in more than one country, exerting significant economic and political influence globally.

Imperialism

A policy or practice by which a country extends its power and influence through colonization, military force, or other means.

Powerful Societies

Societies that possess significant economic, political, or military power, influencing global or regional affairs.