I believe it is written constitution so B.
Negotiable instruments are payable to whoever possesses them and are known as <u>bearer</u> instruments.
A bearer instrument is a kind of fixed-profit security in which no ownership data is recorded and the safety is issued in bodily form to the client. The holder of a bearer tool is presumed to be the owner, and whoever is in possession of the physical bond is entitled to the coupon payments.
A non-cash form of money together with a cheque, invoice of exchange, promissory note, visitor's cheque, bearer bond, cash order, or postal order. Bearer Negotiable Instruments regularly include the training 'pay to the bearer'. The bearer is the man or woman in physical possession of the Bearer Negotiable Instrument.
A negotiable instrument is a signed document that guarantees a sum of charge to a targeted individual or the assignee. In different phrases, it is a formalized kind of IOU: A transferable, signed report that promises to pay the bearer a sum of money at a destiny date or on-demand.
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Answer:
Explanation:
State & Local Revenue
Taxes represent the largest single source of revenue for state and local governments. Additional sources of state and local government revenue include intergovernmental transfers from the federal government, or from state to local governments, selective sales taxes, and direct charges for utilities, licenses, or entities such as higher education institutions and insurance trusts. For the 20 years, 1996-2015 state and local governments derived approximately 45 percent of revenues from taxes, 18 percent of revenues from the federal government, and approximately 25 percent from service and utility charges.
State and local governments collect tax revenues from three primary sources: income, sales, and property taxes. Income and sales taxes make up the majority of combined state tax revenue, while property taxes are the largest source of tax revenue for local governments, including school districts. Tax revenues fluctuate in response to changes in economic conditions and tax policies.
For the past 20 years, property taxes have accounted for approximately 31 percent of all state and local government tax revenue, with sales and income taxes each accounting for approximately one-quarter of total revenues. Other levies, which includes selective sales taxes, such as for alcohol and tobacco, and licenses, such as for hunting and motor vehicle operation, account for nearly 18 percent. These percentages may be different for a given year within the period. Property taxes are the most volatile, ranging from 25 percent to nearly 57 percent, and sales taxes are the least volatile, ranging from 21 percent to 35 percent. Income taxes ranged from 21.5 percent to 44 percent.
The results of Burger’s recent replication of Milgram’s obedience study suggest that <span>people's tendency to obey has remained about the same since Milgram's study.
Milgram's study was carried out in 1961 and it had to do with his experiment to see how people of different backgrounds and educational levels would react to listening to an authoritative figure who wants them to do something conflicting their morals.
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The head of the department of state, and traditionally a key advisor to the president on foreign policy.
