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Which of the following is NOT an adjusting entry?
Holder in Due Course
A legal term describing someone who has obtained a negotiable instrument in good faith and for value, thus having certain protections.
Faulty Device
An apparatus or piece of equipment that has a defect or a malfunction.
Negligence
A legal concept indicating failure to exercise the level of care that a reasonable person would in similar circumstances, leading to unintended harm to others.
Breach of Contract
Occurs when one party fails to fulfill their obligations under a contract.
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