Examlex
Contemporary law's principle of collective responsibility,such as all partners being personally responsible for the debts of the partnership,had its roots in:
Notice Of Dishonor
A formal notification indicating that a negotiable instrument, such as a check, has been refused payment.
Certified
Officially recognized or verified, often by a certification body, as meeting a specific standard or criteria.
Discharged From Liability
A condition where an individual or entity is legally released from an obligation or debt.
Paying The Holder
The act of disbursing funds or settling a financial obligation to the lawful possessor of a negotiable instrument.
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