Asked by Tiffany Smith on May 10, 2024
Verified
The quality of a negotiable instrument that ensures its longevity is known as ________.
A) movability
B) conditional allotment
C) relative permanence
D) negotiation
E) unconditional surrender
Relative Permanence
The concept that certain things are not absolutely permanent but can be considered permanent relative to specific contexts or conditions.
Negotiable Instrument
A document guaranteeing the payment of a specific amount of money, either on demand or at a set time.
Longevity
The length or duration of life; often used in context to refer to the extended lifespan of individuals or entities.
- Understand the importance and influence of judicial decisions on interpreting and applying the Uniform Commercial Code provisions related to negotiable instruments.
Verified Answer
Learning Objectives
- Understand the importance and influence of judicial decisions on interpreting and applying the Uniform Commercial Code provisions related to negotiable instruments.
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