________________ Groups Are Made Up of Two or More Individuals

question 25

Short Answer

________________ groups are made up of two or more individuals who are associated with one another in ways not prescribed by the formal organization.

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Definitions:

Cashed Check

A check that has been presented to a bank or financial institution and exchanged for the equivalent amount in cash.

Breach Of Contract

The violation of any agreed-upon terms or conditions in a binding contract, which can lead to legal action for enforcement or damages.

HDC

Holder in Due Course, a term in commercial law referring to a person who has acquired a negotiable instrument in good faith and for value, and thus has certain protections.

Personal Defense

A liability defense that is not applicable to holders in due course.