Examlex
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Notice of Dishonor
A formal notification indicating that a negotiable instrument, such as a check or bill of exchange, has been presented for payment and refused.
Cashier's Check
A check issued by a bank, drawn from its own funds and signed by a cashier or teller, guaranteeing payment to the payee.
Primarily Liable
Being the first or main party responsible for fulfilling a financial or legal obligation.
Fraud in the Factum
Refers to a specific type of fraud where a person is deceived into signing a document not knowing its true nature or essence.
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