# CTE Resource Center - Verso - Business Law Task 1988004030

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Identify the laws specifically related to negotiable instruments (e.g., drafts, checks, promissory notes, certificates of deposit).

Definition

Identification should recognize that the negotiable instrument must
  • be in writing and signed by the maker
  • contain an unconditional promise or order to pay
  • be payable in a specified sum of money
  • be payable on demand or by a definite time
  • be payable to the bearer or to someone’s order.

Related Standards of Learning

History and Social Science

GOVT.1

The student will demonstrate skills for historical thinking, geographical analysis, economic decision making, and responsible citizenship by

  1. planning inquiries by synthesizing information from diverse primary and secondary sources;
  2. analyzing how political and economic trends influence public policy, using demographic information and other data sources;
  3. comparing and contrasting historical, cultural, economic, and political perspectives;
  4. evaluating critically the quality, accuracy, and validity of information to determine misconceptions, fact and opinion, and bias;
  5. constructing informed, analytic arguments using evidence from multiple sources to introduce and support substantive and significant claims;
  6. explaining how cause-and-effect relationships impact political and economic events;
  7. taking knowledgeable, constructive action, individually and collaboratively, to address school, community, local, state, national, and global issues;
  8. using a decision-making model to analyze the costs and benefits of a specific choice, considering incentives and possible consequences;
  9. applying civic virtues and democratic principles to make collaborative decisions; and
  10. communicating conclusions orally and in writing to a wide range of audiences, using evidence from multiple sources and citing specific sources.

Other Related Standards

FBLA Competitive Events and Activities Areas

Banking and Financial Systems

 

Business Law

 

Entrepreneurship

The topic for this event changes from year to year. The annual topic may or may not correlate with this particular course. Please refer to the current Virginia FBLA State Handbook.

Introduction to Business

 

NBEA Achievement Standards for Business Law

Analyze the functions of negotiable instruments, insurance, secured transactions, and bankruptcy.

 

Explain the importance and function of negotiable instruments.

   
 

NBEA Achievement Standards for Personal Finance

Compare and contrast the different types of checking accounts offered by various financial deposit institutions.

 

Differentiate among types of electronic monetary transactions (e.g., debit cards, ATM, and automatic deposits/payments) offered by various financial institutions.