Examlex
Which of the following statements about the intelligible principle is/are NOT TRUE?
Collection
The process of pursuing payments of debts owed by individuals or businesses, often conducted by creditors or agencies specialized in debt recovery.
Stop Payment Order
A request made to a bank to not process or cancel the payment of a check or transaction previously authorized.
Payor Bank
A bank by which an item is payable as drawn or accepted. It includes a drawee bank.
Settle
To resolve or reach an agreement about a dispute or issue, often resulting in the cessation of legal proceedings.
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