Which Is a True Statement

question 13

Multiple Choice

Which is a true statement?

• A) Real defences are effective against holders, holders in due course, and endorsers.
• B) Defect of title defences are effective against holders and endorsers.
• C) Personal defences are effective against holders, and against endorsers if they are an immediate party.
• D) All of the responses are true.
• E) None of the responses are true.

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Definitions:

Majority Voting

A decision-making process where the option that receives more than half of the votes is chosen.

Economic Efficiency

A level of performance in which no more goods or services can be produced without increasing the amount of inputs or resources used, indicating an optimal allocation of resources.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be consumed by many people at once without depleting the supply.

Paired-Choice Voting

A voting system in which voters choose between pairs of candidates or options in a series of rounds to identify a preferred option or candidate.