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For this question,refer to the following Thomas Nast cartoon from Harper's Weekly,April 14,1867. Which of the following groups would be most likely to support the perspective of the cartoon?
Revised Article 3
An update or modification to Article 3 of the Uniform Commercial Code (UCC), which governs negotiable instruments including checks and promissory notes.
Holder by Negotiation
Holder by negotiation refers to a person who has obtained possession of a negotiable instrument, such as a check, in a manner consistent with the statute's requirements for transfer, thereby acquiring the right to payment.
Involuntary
Occurring without a person's consent or against their will, often referring to actions or processes not chosen by an individual or group.
For Deposit Only
An endorsement on a check indicating that it can only be deposited into an account, not cashed.
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