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COGNITIVE ASSESSMENT Which of the following is a type of backup you can only perform at your large enterprise?
Holder In Due Course
A party possessing a negotiable instrument, such as a check, who took the instrument in good faith, for value, and without notice of any defect or claim against it.
Cashed Check
A check that has been presented to a bank or financial institution and exchanged for the equivalent amount in cash.
Breach Of Contract
The violation of any agreed-upon terms or conditions in a binding contract, which can lead to legal action for enforcement or damages.
HDC
Holder in Due Course, a term in commercial law referring to a person who has acquired a negotiable instrument in good faith and for value, and thus has certain protections.
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