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Misdirected Payment
Misdirected payment occurs when a payment is sent to an incorrect party or destination, either due to error or misunderstanding.
Bankruptcy
A lawful method that enables individuals or enterprises in financial distress to pursue exemption from part or all of their financial liabilities.
Shelter Principle
A legal concept in property law that allows a person who purchases goods from a non-owner to acquire valid title under certain conditions, provided the seller had derivative authority to sell.
Holder-In-Due-Course Doctrine
A principle in commercial law that protects a purchaser of a negotiable instrument who takes it for value, in good faith, and without notice of any defect.
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Q84: Kelly takes an antihistamine for allergies.Explain why