Examlex
Explain briefly what displacement is.
Conversion
An unauthorized act that deprives an owner of their property without their approval, often involving theft or misuse of the property.
Required Indorsements
Signatures or stamps mandatory on certain documents to validate them or to transfer rights represented by such documents.
Holder in Due Course
A person who has acquired a negotiable instrument in good faith and for consideration, and thus has certain rights above the original parties to the instrument.
Executive
A high-ranking official or administrator within an organization, often responsible for making significant decisions and policies.
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