Examlex
Describe validity and reliability. How would you know if an intelligence test was reliable?
Claim in Recoupment
A legal claim made by a defendant in a lawsuit to offset or reduce the amount of damages claimed by the plaintiff, based on related transactions.
Instrument
In legal and financial contexts, a formal document, such as a contract, will, or security, that has a legal effect or is meant to convey rights or obligations.
Original Payee
The initial recipient to whom a financial instrument, such as a check or promissory note, is made payable.
Revised Article 3
An update or modification to Article 3 of the Uniform Commercial Code (UCC), which governs negotiable instruments including checks and promissory notes.
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