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      Question

      What best defines "valuable security" under Section

      2(31)?
      A A document acknowledging debt only Correct Answer Incorrect Answer
      B A document creating or releasing legal rights or liabilities Correct Answer Incorrect Answer
      C Any government-issued identity proof Correct Answer Incorrect Answer
      D A negotiable instrument only Correct Answer Incorrect Answer
      E A certificate of ownership for real estate only Correct Answer Incorrect Answer

      Solution

      Section 2(31) details it as a document that creates, extends, transfers, restricts, extinguishes, or releases legal rights, or acknowledges legal liability.

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