Which of the Following Is NOT an Example of an External

question 80

Multiple Choice

Which of the following is NOT an example of an external frustration?

• A)uncontrollability
• B)losses
• C)rejections
• D)delays

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Definitions:

Holder in Due Course

A person who has acquired a negotiable instrument in good faith and for consideration, and thus has certain rights above the original parties to the instrument.

Executive

A high-ranking official or administrator within an organization, often responsible for making significant decisions and policies.

Liable for Payment

Being legally responsible for covering a debt or financial obligation.

Forged Signature

A signature that has been illegally copied or fabricated without the authorized person's consent.