Examlex
Understanding how the brain works while individuals make financial decisions is a field referred to as
HDC (Holder in Due Course)
A holder in due course is a party who has acquired a negotiable instrument in good faith and for value, and thus has certain rights above the original issuer or transferee.
Promise
A declaration or assurance that one will do a particular thing or that guarantees a particular outcome.
Promisor
An individual or entity that makes a promise or commitment to perform a specified act or duty in a contract.
Holder in Due Course
This is a legal term for an individual or entity that has acquired a negotiable instrument in good faith and for value, thus having certain protections against defenses and claims in disputes over its payment.
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