If an Instrument Is Nonnegotiable, the _____

question 44

Multiple Choice

If an instrument is nonnegotiable, the _____.

• A) Uniform Commercial Code controls the rights, and the general rules of property law control liabilities of the parties involved
• B) general rules of contract law control the rights and liabilities of the parties involved
• C) Uniform Commercial Code controls the rights, and the general rules of comparative law control the liabilities of the parties involved
• D) general rules of tort law control the rights and liabilities of the parties involved

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Definitions:

Imperative

Something that is necessary or of great importance, often used in the context of commands or duties.

Maxim

A short, pithy statement expressing a general truth or rule of conduct.

Agent's Reasons

Refers to the motivations or underlying reasons that drive an individual's decisions or actions.

Morality

Guidelines that separate commendable from condemnable actions.