Examlex
________ rules allow no amendments while ________ rules allow specified amendments.
Qualified Indorsement
An indorsement on a negotiable instrument in which the indorser disclaims any contract liability on the instrument; the notation “without recourse” is commonly used to create a qualified indorsement.
Restrictive
Imposing limitations or conditions on use, action, or movement.
Bearer Instrument
A negotiable financial instrument that is payable to the holder or presenter.
HDC
Stands for Holder in Due Course, a term in commercial law referring to an individual who has acquired a negotiable instrument in good faith and for value, therefore, has certain protections.
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