Examlex
Scientists sometimes come up with theories "out of the blue."
Holder in Due Course
A legal term for an entity that has acquired a negotiable instrument in good faith and for value, thus having certain protections against defenses and claims that could be made against the instrument.
Negotiable Instrument
A written document guaranteeing the payment of a specific amount of money to the bearer or a named party, either on demand or at a set time.
Value
The importance, worth, or usefulness of something, often determined by the demand for it in the market or its inherent qualities.
Simple Consideration
The minimal requirement of value that must be exchanged between parties entering into a contract, for the contract to be considered valid.
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