Which of the Following Would Be a Nonnegotiable Instrument

question 28

Multiple Choice

Which of the following would be a nonnegotiable instrument?

• A)"Payment is subject to the terms of a mortgage dated August 12,2011."
• B)A statement in the instrument that it was given in payment of last month's rent.
• C)A statement in the instrument that it was given in payment of the purchase price of goods.
• D)"This note is secured by a mortgage dated January 13,2011."

---

Definitions:

Phinney's Second Stage

Part of Phinney’s model of ethnic identity development, focusing on the exploration of one’s own cultural heritage and values.

Ethnic Identity

A person's sense of belonging or identity in relation to the social, cultural, or national group they identify with.

Oppositional Identity

A concept explaining how individuals may define themselves in contrast to societal norms or dominant groups.

Mature Ethnic Identity

The stage at which an individual has explored and fully understands their ethnic background, leading to a strong sense of belonging and acceptance of their cultural heritage.