Which of the following is a definition of a universal defense?

A) It is a defense that can be used only against a holder in due course.
B) It is a defense that cannot be used against a holder in due course.
C) It is a defense that can be used only against the first holder.
D)It is a defense that can be used against any holder.


D

Business

You might also like to view...

ATP is considered to be

A. the precursor of a high-energy membrane-bounded protein. B. an enzyme used widely in all kinds of cells. C. a molecule that carries a great deal of chemical energy in a chemical bond. D. a coenzyme used to inhibit or activate different enzymes.

Business

In which one of the following instances would an auditor most likely issue a disclaimer of opinion?

a. Management will not sign a management representation letter. b. Management declines to provide a statement of cash flow. c. The auditor is independent of the client. d. The auditor is unable to confirm receivables but performs alternative procedures.

Business

Which of the following is considered a BRIC country?

A) Italy B) Indonesia C) Chile D) China E) Canada

Business

________ are products purchased and used by end consumers for personal consumption. These include convenience products, shopping products, specialty products, and unsought products

A) Services B) Consumer products C) Line extensions D) Industrial products E) Straight extensions

Business