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The Safest Course of Action for a Small Business to Take

question 64

True/False

The safest course of action for a small business to take with an employee who has AIDS is to fire him.


Definitions:

Holder

Someone who legally possesses a negotiable instrument, such as a check or bond, and has the right to enforce it.

Instrument

In legal and financial contexts, a formal document like a contract, will, or negotiable instrument that establishes legal rights and obligations.

Value Requirement

The necessity for something to have worth, importance, or significance in a specific context, often used in legal and financial settings to assess validity or enforceability.

Holder in Due Course

A person who possesses a negotiable instrument for payment in good faith and without knowledge that it is overdue or has been dishonored.

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