When an Incomplete Instrument Is Completed After It Has Left

question 41

Multiple Choice

When an incomplete instrument is completed after it has left the drawer's hands, a holder in due course can:

• A) enforce it as completed.
• B) enforce only the intent of the drawer.
• C) lose all rights to the instrument.
• D) not enforce it as completed.

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Definitions:

Face Validity

The extent to which a test appears to measure what it's supposed to measure, making it seem valid at face value.

Concurrent Validity

Concurrent validity is the extent to which test scores or measurements are correlated with other measures or outcomes that are theoretically related and taken at the same time.

Predictive Validity

How well a result from a test or scale forecasts subsequent performance in a connected area.

Face Validity

The degree to which a test or measure appears effectively to assess what it is supposed to assess, based on casual inspection.