Gail Owes $5,000 in Unpaid Taxes

question 53

Multiple Choice

Gail owes $5,000 in unpaid taxes. Using the back of an old t-shirt, she exe?cutes an instrument for $5,000 that otherwise meets the re?quire?ments for negotiability. This instrument is most likely

• A) negotiable.
• B) nonnegotiable, because an instrument must be on paper.
• C) nonnegotiable, because a t-shirt is not sufficiently permanent.
• D) nonnegotiable, because the government does not appreciate it.

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Definitions:

Ex-Confederate States

The southern states that seceded from the United States and fought against the Union in the American Civil War.

Mississippi Government

Refers to the governmental structure and policies at the state level in Mississippi, historically noteworthy for its role in the American Civil War and the Civil Rights Movement.

State Government

The organization through which a state exercises its authority, conducts policy, and manages public affairs within its territory.

Lincoln's Reconstruction

Refers to the period following the Civil War during which plans and actions, influenced by President Abraham Lincoln, were initiated to reintegrate the Southern states into the Union and rebuild the South.