Examlex
When the per se approach is inappropriate in a Section 1 Sherman Act case but the challenged conduct has obvious anticompetitive effects, courts may use an intermediate test which is a "quick look" rule of reason analysis.
Revised Article 3
An update to the Uniform Commercial Code that governs negotiable instruments such as checks and drafts, intended to modernize and address changes in technology and practice.
Real Defenses
Legal defenses that can be used to invalidate a negotiable instrument, such as forgery, fraud, duress, or incapacity.
Specified
Clearly stated or identified in a particular context or document.
Restrictive Indorsements
Endorsements placed on a negotiable instrument, like a check, that limit how the instrument can be used or further transferred.
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