Examlex
What is a rough draft outline, and what are its purposes?
Indorser
A person who signs their name on a financial document, thereby transferring their rights in the document to another party.
Good Faith
Displaying truthfulness and genuineness without aiming to mislead or cheat.
Holder in Due Course
A legal term for an entity that has acquired a negotiable instrument in good faith and for value, thus having certain protections against defenses and claims that could be made against the instrument.
Negotiable Instrument
A written document guaranteeing the payment of a specific amount of money to the bearer or a named party, either on demand or at a set time.
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