Examlex
Which of the following parties cannot be a debtor in a liquidation bankruptcy?
Promissory Notes
Written promises to pay a specified sum of money to a designated person at a fixed or determinable future time.
Defect Of Title
A legal issue with the deed of a property that makes its ownership status unclear, such as a lien or encumbrance.
Holder In Due Course
A party who has acquired a negotiable instrument legally and is protected against certain defenses set forth by the original parties.
Bill Of Exchange
A written, unconditional order by one party to another, demanding the payment of a specified sum of money.
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