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Common Assumptions Often Go Unchallenged Among a Group of Scholars

question 80

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Common assumptions often go unchallenged among a group of scholars who share the same


Definitions:

Personal Defense

A liability defense that is not applicable to holders in due course.

Modification

A change or alteration, often to a contract or agreement, altering its terms or conditions.

Dishonored

Referring to a financial instrument, such as a check or promissory note, that is not accepted or paid when presented for payment.

Note

A promise by the maker of the note to pay the payee of the note.

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