Which of the Following Is Not Generally Considered to Be

question 43

Multiple Choice

Which of the following is not generally considered to be a component of a problem?

• A)A goal
• B)A reward
• C)A set of constraints
• D)A set of obstacles to overcome

---

Definitions:

Maker

The individual or entity that creates or issues a promissory note and is responsible for repaying the debt specified in that note.

Holder in Due Course

A legal term describing a person who has acquired a negotiable instrument in good faith and for value, and thus has certain protections against defenses and claims that could be raised against the original issuer.

Negotiability

The attribute of a financial instrument allowing it to be transferred or assigned from one party to another.

Requirements of Negotiability

Legal criteria that an instrument must meet to be considered negotiable, allowing it to be transferred from one party to another.