Examlex
Failure to warn about a product's dangers can make an otherwise safe product defective.
Transferability
The ease with which ownership rights of certain assets, securities, or financial instruments can be transferred from one party to another.
Holder in Due Course
A party that acquires a negotiable instrument in good faith and for value, thus obtaining certain rights free from previous defenses.
For Value
A legal consideration given as part of a contract or agreement, indicating that something of value was exchanged.
Instrument
A legal document formalizing an agreement or right, often used in financial transactions or legal proceedings.
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