Examlex
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Valuable Necklace
A piece of adornment, often made of precious metals and stones, considered to have significant monetary worth.
Imposter Rule
A legal principle that protects the drawer of a negotiable instrument from being held liable to an impostor or in cases of fraud, provided certain conditions are met.
Presentment Warranties
Legal assurances given when a negotiable instrument (like a check) is presented for payment, concerning the authenticity of the document and the rights of the presenter.
Drawer Is Unauthorized
A statement indicating that the person who has made or drawn a cheque (the drawer) did not have the authority to do so, potentially rendering the cheque invalid.
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