Examlex
The lack or failure of consideration is a personal defense and can be used to avoid payment to an ordinary holder, an HDC, and a holder through an HDC.
UCC
A collection of laws and regulations in the United States that govern commercial transactions and the sale of goods.
Common Law
A legal system based on judicial decisions and precedents rather than statutory laws.
Technical Rules
Specific guidelines or procedures established in a field or profession to ensure accuracy, consistency, and standardization.
Good Faith
Acting with honest intent without seeking to take unfair advantage over another party.
Q3: Bon signs a promissory note for $12,500
Q6: The destruction or mutilation of an instrument
Q18: Online payment systems are not yet among
Q18: Commonly used in international trade, a draft
Q19: Agency relationships cannot exist outside employment, so
Q19: An instrument that requires an indorsement for
Q30: In a letter-of-credit transaction, Unum Inc., a
Q35: If a check is dishonored for insufficient
Q53: A promissory note signed to obtain a
Q61: An instrument payable to two or more