An agent who signs just her own name on an instrument will be personally liable to a holder in due course who has not noticed of her agency status is True.
All parties to security are indemnified if the principally responsible party pays the holder in full. If the offer to pay is rejected, Indors and the accommodation provider will be refunded the bid amount.No party in breach of this Agreement will be able to enforce payment of any warranty issued under this Agreement.
There are two types of securities liability primary liability and secondary liability. The obligor of the instrument is primarily the issuer of the bill and the drawee of the bill of exchange. Thereafter, the party who signed, transferred or made the Certificate may be subject to secondary payments for the Certificate.
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Which free credit report service is authorized by federal law but only accessible once per year?.
The Fair and Accurate Credit Transactions Act free credit report service is authorized by federal law but only accessible once per year.
What is federal law?A federal law is a bill passed by both houses of Congress, signed by the President, overturned by a Presidential veto, or allowed to enter into force without the President's signature. Individual laws, also called Acts, are arranged according to the subject matter of the United States Code.Congress enacts approximately 200 to 600 laws in each of its 115 biennial terms, for a total of over 30,000 laws since 1789.All legislative powers of government rest with Congress. In other words, only Congress can enact new laws or change existing laws. The executive branch makes ordinances with full legal force, but is subject only to the authority of statutes enacted by Congress.To learn more about federal law from the given link :
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Should congress create a law mandating a balanced federal budget? support your position with evidence from the lesson.
No, Congress create a law mandating a balanced federal budget. A federal budget that is balanced can be passed by Congress at any time. Because of this, a constitutional amendment would be required to "mandate" a balanced federal budget.
The following Congress can easily reverse a law passed by the previous one requiring a balanced budget (providing the President agrees). To make having a balanced budget a permanent obligation, the Constitution must be amended. However, such an amendment must be carefully drafted to avoid having too many "loopholes" that render it useless. Passage of such a law would be extremely unlikely since, like many ideas, it would limit the authority of Congress. Additionally, a later Congress might just enact legislation resending it. It would be pointless to make an effort to achieve something without considering what ought to be. The majority of people agree that there shouldn't be any budget deficits, but they won't cut their own sacred cows—only those of others.
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What jurisdiction was given to the federal courts?
Because federal courts only have limited jurisdiction, they can only consider matters that are specifically allowed by the US Constitution or federal law.
Any matter originating under federal laws, the Constitution, or treaties must be filed with the federal district court. Original jurisdiction is the term used to describe this form of authority. The authority of state courts and federal courts may overlap, allowing some matters to be brought in both courts. In the beginning, the plaintiff gets to decide whether to file the case in a state or federal court. However, the defendant might occasionally decide to "remove" to federal court if the plaintiff opts for state court.Under the court's "diversity jurisdiction," cases that are completely based on state law may be brought before a federal judge. When the defendant is located in another state, diversity jurisdiction enables a plaintiff from that state to sue in federal court. For the same reason, the defendant may also attempt to "remove" from state court.
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what is one power of the states under the constitution
All elections, including presidential ones, are held by the states, and constitutional revisions must be ratified by them. State governments have the authority to impose laws on business, taxation, healthcare, education, and many other matters inside their state, provided that those laws do not conflict with federal law.
What is the distribution of power between the national and state government in the US federal system?
Federalism restricts the scope of government by establishing two sovereign powers—the federal government and state governments—and limiting the influence of each. Internal constraints are imposed by the separation of powers by dividing one body of government against another, giving each branch distinct responsibilities, and requiring them to share power.
All elections, including presidential ones, are held by the states, and constitutional revisions must be ratified by them. State governments have the authority to impose laws on business, taxation, healthcare, education, and many other matters inside their state, provided that those laws do not conflict with federal law.
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the federal reserve's policy regarding announcing its policy decisions has
The Federal Reserve's policy of disclosing its policy choices has Prior to 1994, these policy decisions were kept under wraps. Only recently have they been made immediately public.
What are the Federal Reserve's policy decisions known as?In order to foster maximum employment, stable prices, and moderate long-term interest rates—the three economic objectives that the Congress has directed the Federal Reserve to pursue—monetary policy in the United States consists of the Federal Reserve's actions and communications.
What has the monetary policy target been said to be?Maximum employment and stable prices, or low, steady inflation, are the Fed's two equally important monetary policy objectives as set forth by Congress. The third, less well-known objective of maintaining moderate long-term interest rates is implied by this "dual mandate."
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compare and contrast keynes' law and say's law as they relate to aggregate demand and aggregate supply.
Aggregate demand is the total demand of all goods and services in the economy, similarly aggregate supply is total supply of goods over a period of time in the economy.
Say's Law and Keynes' Law can both be demonstrated using the aggregate demand/aggregate supply, abbreviated AD/AS, model. According to Say's Law, supply generates its own demand, whereas Keynes' Law asserts that demand does the opposite. According to Keynes' Law, fluctuations in aggregate demand result in changes in real Output and employment. Demand generates its own supply.
According to Say's Law, changes in aggregate demand only affect the price level and have no impact on true gross domestic product or employment. Instead, supply generates its own demand.
Say's Law was challenged by Keynes, who noted that not all money must be spent in the very same period as it is generated.
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