Examlex
Which of the following best describes the effect of hyperventilation in the brain-injured patient?
Valid Consideration
Something of legally sufficient value that is exchanged between parties in a contract, forming the basis for the agreement.
Contract
A legally-binding agreement between two or more parties that outlines obligations and rights of the parties.
Holder in Due Course
A party possessing a negotiable instrument (like a check) in good faith and for value, with certain protections against claims and defenses.
Payable to Cash
A term indicating that a check or other document is made out to "Cash" instead of a specific payee, allowing anyone who holds it to cash it.
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