Examlex
Which of the following is an example of an uncontrolled item?
Accommodation Party
An individual who signs a negotiable instrument to lend their credit to another party without receiving a direct benefit.
Shaky Financial Condition
A term describing the unstable or uncertain financial state of an entity, characterized by insufficient cash flow, high debt, or other financial difficulties.
Indorser
A person who signs a document, typically a check or negotiable instrument, indicating their agreement or approval.
Accommodation Indorser
A party who endorses a negotiable instrument for the purpose of lending their credit to another party without direct benefit.
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