Ordinary Nonphysical and Nonviolent Duress That Causes the Transfer of a Negotiable

question 51

Multiple Choice

Ordinary nonphysical and nonviolent duress that causes the transfer of a negotiable instrument:

• A) prevents its negotiation.
• B) is a good defense against a holder in due course of the instrument.
• C) is subject to rescission before the instrument is transferred to a holder in due course.
• D) is a good defense against the maker of a note.

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Definitions:

International Trade

The exchange of goods and services between countries.

Equilibrium Price

The market price at which the supply of an item equals the quantity demanded, leading to a stable market condition without surplus or shortage.

China

A populous country in East Asia, known for its ancient civilization and as a major economic and political power in the modern world.

Trade Restrictions

Regulations or policies that limit international trade, often imposed to protect domestic industries from foreign competition.