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You and a friend are presented with the problem of how you could determine how many equal weight stones would match your weight without using a balance scale. You suddenly remember the story of how Archimedes determined the amount of gold in a crown by the amount of water it displaced. Your friend tells you that he solved the problem using the same method because he remembered the Chinese fable about how the villagers were able to weigh an elephant. You and your friend both solved the problem using
Restrictive Indorsement
A limitation specified on the face of a check or document that restricts the further transfer of its title or requires certain conditions to be met.
Trust
A fiduciary relationship in which one party, known as a trustee, holds title to property for the benefit of another party, known as a beneficiary.
Pay to
Directs the transfer of money or assets to a specified person, entity, or account as outlined in a financial or legal document.
Real Defenses
Legal defenses that can be used to challenge the enforceability of a negotiable instrument, such as fraud, duress, or alteration.
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