Examlex
The leading cause of inherited IDD is
Accommodation Party
A person who signs a negotiable instrument on behalf of another, typically to lend their credit without direct benefit.
Negotiable Instrument
A financial document that guarantees payment of a specified amount of money, either on-demand or at a set time, and is transferable from one person to another.
Holder In Due Course
A legal term describing a party who has acquired a negotiable instrument in good faith and for value, and thus has certain protections against defects.
Negotiates
The act of discussing something formally to reach an agreement or compromise on terms.
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