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For most firms, the function of indicating credit approval is recorded on the:
Insane
A term describing severe mental illness or insanity, legally signifying inability to understand or control one's actions.
Checks
A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer.
Void
Having no legal force or effect; not legally binding or enforceable.
Holder in Due Course
A legal term in commercial law for a person who has acquired a negotiable instrument in good faith and for value, and thus has certain protections.
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