Examlex
An established sect is a
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.
Conflicting Claim
A situation where two or more parties assert rights or entitlements that are incompatible with one another.
Instrument
A formal written legal document, such as a contract, will, or deed, that formally records the details of a transaction or agreement.
Forgery
The fraudulent making or altering of a written document with the intention to deceive or defraud.
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