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What is the test value? Use Refer To: 09-18
Holder In Due Course
A party that acquires a negotiable instrument in good faith and for value, and is thus protected from many defenses that could be raised against the original payee.
Consumer Credit Contract
A legal agreement between a borrower and a lender where the lender provides the borrower with credit for personal, family, or household purposes.
Misdirected Payment
Misdirected payment occurs when a payment is sent to an incorrect party or destination, either due to error or misunderstanding.
Bankruptcy
A lawful method that enables individuals or enterprises in financial distress to pursue exemption from part or all of their financial liabilities.
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