Examlex
Explain what is meant by the phrase "those left out." How is this phrase appropriate? In what way were these groups not "left out"?
Personal Defenses
Legal defenses used in contract law that relate to the specific circumstances or relationships between the parties involved, affecting the enforceability of the contract.
Holder in Due Course
A legal term referring to a party that has acquired a negotiable instrument in good faith and for value, thereby having certain rights to enforce the instrument free of many defenses.
Negotiable Instrument
A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, and which can be transferred to another holder.
Natural Persons
Individuals in their capacity as humans in law, as opposed to legal entities like corporations.
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