An Instrument Payable "With Interest" Must Specify a Particular Rate

question 10

True/False

An instrument payable "with interest" must specify a particular rate to be negotiable.

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Definitions:

Original Horizontality

The principle that most sediments and many volcanic units are deposited in layers that originally are more or less horizontal.

Lateral Continuity

A geological principle that states layers of sediment initially extend laterally in all directions; in other words, they are laterally continuous.

Original Horizontality

A principle stating that layers of sediment are originally deposited horizontally under the action of gravity.

Superposition

A principle in geology stating that in an undeformed sequence of sedimentary rocks, each layer is older than the one above it and younger than the one below it.