Examlex
Which of the following is true about RNA?
Indorsee
A person to whom a negotiable instrument is transferred by indorsement.
Payable
Financial obligations or monies that are due to be paid to creditors or suppliers.
HDC (Holder in Due Course)
A party possessing a negotiable instrument, like a check, who has taken it in good faith and for value, and thus has certain protections.
Negotiable Instrument
A legal document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the transferable right to receive the payment.
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