In Addition to the Legislators and the Governor, There Are

question 65

Multiple Choice

In addition to the legislators and the governor, there are others involved in the lawmaking process during both regular and special sessions. Which one official has direct involvement in the legislative process, while other players are involved indirectly?

• A) the comptroller of public accounts
• B) the media
• C) the court
• D) the lobbyist
• E) the public

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Definitions:

Holder In Due Course

A legal term referring to a person who has acquired a negotiable instrument in good faith and for value, and thus has certain rights above the original payee.

Acceptor

The person (the drawee) who accepts a draft and who agrees to be primarily responsible for its payment.

Ordinary Holder

An ordinary holder in financial contexts refers to an individual or entity that legally possesses a negotiable instrument, like a check or draft, without necessarily having any special rights, claims, or defenses related to it.

HDC Rights

Rights afforded to a Holder in Due Course, who has obtained a negotiable instrument in good faith and is protected from certain defenses in collection.