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On the way home from the library last night you heard the footsteps of someone following you. You turned and saw the shadow of a large man heading towards you. You ran to your car faster than you had ever run. By the time you got to your car your heart rate was rapid and you were sweating. This fight or flight response was most likely the result of activity in your
Negotiable Instrument
A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.
Holder
An individual or entity that legally possesses a negotiable instrument, like a check or bond, and has the right to enforce its terms.
Immunity
A provision or status that protects a person or entity from legal action or liability under certain conditions.
Drawee
The party directed by a drafter (e.g., the issuer of a check) to pay a certain sum of money to the party named in the document.
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