A Node's Activation Level Is Defined in Terms Of

question 45

Multiple Choice

A node's activation level is defined in terms of:

• A) how effective the node will be, when it fires, in triggering neighboring nodes
• B) the current status of the node, determined (in part) by activation arriving from neighboring nodes
• C) where the node is located within the processing network
• D) the node's degree of fan

Understand the legal defenses against claims made by holders in due course.

Recognize how alterations and errors on negotiable instruments affect their validity and negotiation.

Know who can endorse instruments made payable to entities and the effect of such endorsements.

Understand the implications of specific UCC sections related to notice and knowledge of facts that affect negotiable instruments.

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Definitions:

Public Policy

Principles and standards regarded by the legislature or by courts as being of fundamental concern to the state and the whole of society.

Original Obligor

The original party responsible for repaying a debt or fulfilling an obligation under the terms of a contract.

Creditor Beneficiary

A third party that benefits from a contract made between two other parties because the contract discharges a debt or duty owed to them.

On Credit

The purchase of goods or services with the promise to pay at a future date.