Fact Pattern 24-1B

question 40

Multiple Choice

Fact Pattern 24-1B
Dominion Sales Ltd.in Canada and Eagle Buying Company in the United States enter a contract for a sale of forestry products.Dominion draws a draft unconditionally ordering Great Federal Bank,Eagle's bank,to pay $60,000 to Dominion's order in sixty days.Eagle signs and dates the draft.
-Refer to Fact Pattern 24-1B.This instrument is

• A)a banker's acceptance.
• B)a nonnegotiable instrument.
• C)a promissory note.
• D)a trade acceptance.

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Definitions:

Threat Hypothesis

A theory suggesting that prejudice, discrimination, and intergroup hostility increase in situations of economic, political, or social competition and perceived threat.

Latino Residents

Individuals of Latin American origin or descent living in a particular area, often referring to communities within the United States.

Race-based Gerrymandering

The deliberate manipulation of electoral district boundaries to disadvantage voters based on their race, often to dilute their voting power.

Shaw V. Reno

A landmark United States Supreme Court case that addressed the issue of racial gerrymandering and set important precedents for redistricting based on race.