Examlex
The fact that a partnership is terminated after a life insurance policy is obtained by one partner on another invalidates the policy.
Negotiable Instrument
A written document guaranteeing the payment of a specified amount of money, either on demand or at a set time.
Relative Permanence
The quality of a negotiable instrument that ensures its longevity.
Writing Requirement
The writing requirement refers to legal stipulations that certain types of agreements or contracts must be documented in written form to be legally valid.
Drawer
A drawer is a person or entity that issues or writes a check or draft, instructing a bank or similar institution to pay a specific amount of money to a designated party.
Q2: Bylaws that conflict with state law are
Q4: A liquidated damages clause is a contractually-agreed
Q9: The FTC requires that only descriptive and
Q18: A successor enterprise is not subject to
Q26: Presentment occurs when the primary party refuses
Q32: Negotiation of commercial paper results in lesser
Q32: Where the debtor has fewer than twelve
Q34: A person has a(n) _ in a
Q40: If a seller elects to resell the
Q45: If a contract is ambiguous regarding whether