Examlex
Given the following frequency distribution, the distribution is:
Promisor
An individual or entity that makes a promise or commitment to perform a specified act or duty in a contract.
Holder in Due Course
This is a legal term for an individual or entity that has acquired a negotiable instrument in good faith and for value, thus having certain protections against defenses and claims in disputes over its payment.
Conflicting Claim
A situation where two or more parties assert rights or entitlements that are incompatible with one another.
Instrument
A formal written legal document, such as a contract, will, or deed, that formally records the details of a transaction or agreement.
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