Question

V. LAW IN THE FINANCIAL MARKETS (Select from the choices below)
A. RELEVANT TERMS
_____46.drawer
_____47.shelter principle
_____48.HDC
_____49.mere holder
_____50.blank indorsement
_____51.qualified indorsement
_____52.fraud in the execution
_____53.fraud in the inducement
_____54.drawee
_____55.payee
_____56.cashier’s check
_____57.certified check
_____58.garnishment
_____59.discharge
_____60.mechanic’s lien
_____61.registration statement
_____62.financing statement
_____63.blue sky laws
_____64.Trustee in Bankruptcy
_____65.SEC
_____66.proxy
_____67.order instrument
_____68.bearer instrument
_____69.Article 9
_____70.Article 3

A. A creditor files this on a debtor’s real property for failure to pay for improvements on the real property.
B. A person who takes a negotiable instrument for value, in good faith, and without any notice of defect.
C. The party that initiates a draft.
D. Name for a check that the bank draws on itself.
E. An order permitting a creditor to collect a debt by seizing a portion of the debtor’s wages.
F. Document that needs to be filed in order to become a perfected creditor.
G. This is the purpose of a bankruptcy proceeding which would remove/forgive a person’s debt.
H. The party that is ordered to pay a draft or check.
I. Anyone in possession of a negotiable instrument and is not a HDC.
J. A check that has been accepted in writing by the bank on which it is drawn.
K. When a person who does not qualify as an HDC but who derives his or her title through an HDC acquires the rights and privileges of an HDC.
L. Uniform Commercial Code that deals with negotiable instruments.
M. Name for state security laws.
N. A person issues a negotiable instrument based on a false statement by the other party.
O. Document that must be filed with the SEC before a security is issued.
P. An indorsement that has a signature and the words “without recourse”.
Q. Uniform Commercial Code that deals with secured transactions.
R. The person being paid funds on a negotiable instrument is referred to as this.
S. An indorsement of a negotiable instrument that has a mere signature.
T. A negotiable instrument that is payable to an identified person or order.
U. Statement that gives someone the right to vote your stock.
V. When a person is deceived in signing a negotiable instrument thinking that he is signing something else.
W. Federal Agency that regulates the securities markets.
X. A negotiable instrument that is not payable to a specific person but payable to bearer or cash.
Y. Government official who performs and administers task in a bankruptcy procedure.
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V. LAW IN THE FINANCIAL MARKETS (Select from the choices below)
B. THE LAW
_____71.Chapter 7
_____72.Chapter 13
_____73.Chapter 11
_____74.Rule 10B-5
_____75..Sarbanes Oxley Act

A. Bankruptcy code that allows for partial repayment of debt.
B. Federal law that mandates all financial statements of public corporations be certified by their CEOs and CFOs.
C. Federal regulation that seeks to prevent insider trading.
D. Bankruptcy code that allows for complete discharge of debt.
E. Bankruptcy code that allows for a reorganization of a business.

Answer 1

A. "A creditor files this on a debtor’s real property for failure to pay for improvements on the real property."

Ans 60.mechanic’s lien: The repairing company will take a lien on the property to ensure the payment for work performed and the material is furnished.

B. "A person who takes a negotiable instrument for value, in good faith, and without any notice of the defect."

Ans 48.HDC: “A person who takes the negotiable instrument in good faith and without notice that it is defective or overdue.”

C. "The party that initiates a draft".

Ans 46.drawer: “The writer of a bill of exchange”

D. "Name for a check that the bank draws on itself:"

Ans 56.cashier’s check: “A check guaranteed by the bank, drawn on the banks own funds and signed by the cashier.”

E. "An order permitting a creditor to collect a debt by seizing a portion of the debtor’s wages."

Ans 58.garnishment: “Direct deduction from wages to service the debt orally directed by a court order.”

F. "Document that needs to be filed in order to become a perfected creditor."

Ans 62.financing statement: “A form filled by a creditor who indicates he has an interest in the property of the debtor.”

H. "The party that is ordered to pay a draft or check."

Ans. 54.drawee: “A bank. Person or organization who must pay a draft or a bill.”

U. "Statement that gives someone the right to vote your stock."

Ans 66.proxy: “ Giving authority to someone else to represent you in a meeting and also allow the person to vote on your behalf.”

Y. "Government official who performs and administers task in a bankruptcy procedure."

64.The trustee in Bankruptcy: “A person appointed by the court to represent the creditors”

V. LAW IN THE FINANCIAL MARKETS (Select from the choices below)

A. RELEVANT TERMS

_C____46.drawer

_____47.shelter principle

__B___48.HDC

_____49.mere holder

_____50.blank indorsement

_____51.qualified indorsement

_____52.fraud in the execution

_____53.fraud in the inducement

__H___54.drawee

_____55.payee

__D___56.cashier’s check

_____57.certified check

__E___58.garnishment

_____59.discharge

__A___60.mechanic’s lien

_____61.registration statement

__F___62.financing statement

_____63.blue sky laws

__Y___64.Trustee in Bankruptcy

_____65.SEC

___U__66.proxy

_____67.order instrument

_____68.bearer instrument

_____69.Article 9

_____70.Article 3

*”as per guidelines can answer up to 4 questions or 4 parts of a question, answering 9 questions”