Examlex
What is the best strategy for preserving biodiversity?
Holder in Due Course
A legal term referring to a party that has acquired a negotiable instrument, like a check, in good faith and has the right to collect the face value of the instrument without any defenses.
Bankruptcy
A legal process through which individuals or businesses unable to meet their financial obligations can seek relief from some or all of their debts.
Real Defense
In negotiable-instruments law, any defense that can be used against everyone, including holders in due course. Also called absolute defense and universal defense.
Duress
An action by one party that forces another party to do what need not be done otherwise.
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