No Society That We Know of Has Lived Without Some

question 6

Multiple Choice

No society that we know of has lived without some form of art. The impulse to make and respond to art appears to be as deeply ingrained as the ability to:

• A) learn language.
• B) gather food.
• C) seek shelter.
• D) reproduce.
• E) None of these answers are correct.

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Definitions:

Without Recourse

A term indicating that the holder of a financial instrument, such as a note or bill, cannot demand payment from the original issuer in case of default by the borrower.

Indorsement

The act of signing one's name on the back of a check or other negotiable instrument, legally transferring ownership or authorizing a transaction.

Liability

The legal responsibility or obligation to compensate someone else for harm or damage caused by one's actions or failure to act.

Time Paper

Commercial paper or negotiable instruments, like promissory notes or bills of exchange, that have a specific maturity date.