Question
1. To be negotiable, an instrument must contain a promise or order to pay a(n) _________ amount of money. a. Appreciating b. Inordinate c. Fixed
1. To be negotiable, an instrument must contain a promise or order to pay a(n) _________ amount of money. a. Appreciating b. Inordinate c. Fixed d. Conditional
2. The UCC requires that the holder by due negotiation (the good faith purchaser) take instruments in good faith. This means that: a. The holders must have performed a special oath before taking the instrument. b. The holders must have acted honestly and observed all reasonable commercial standards of fair dealing. c. The holders must be aware that the instrument is defective. d. The holders must be assured the instrument has no defects.
3. Under the Alien Tort Statute, ____ can bring claims in ______ for _______'s violation of international human rights law. a. Foreign citizens; U.S. arbitration forums; American corporation b. Foreign citizens; Cambodian courts; American corportaion c. U.S. citizens; U.S. arbitration forums; foreign corporation d. Foreign citizens; U.S. courts; American corporation
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