Examlex
What do the following have in common? 17Cl-, 18Ar, and 19K+
Negotiable Instrument
A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payee’s name on it.
Valid Defense
A legitimate legal reason presented in a court to counteract or negate allegations made in a lawsuit.
Drawer
In financial contexts, the person who writes or issues a check or draft instructing a bank to pay a specified amount of money to a named party.
Drawee
The party upon whom a cheque, draft, or other negotiable instrument is drawn and who is responsible for its payment.
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