Examlex
What are the two important software constraints? Explain with suitable examples.
Uncertified Check
A check that the bank has not guaranteed or verified regarding the availability of funds, standing in contrast to a certified check.
Presented For Payment
The act of submitting a financial instrument, such as a check or draft, to the responsible party for the transfer of funds as specified.
Negotiable Instrument
A written document guaranteeing the payment of a specified amount of money, either on demand or at a set time, with the payer named on the document.
Uniform Commercial Code
A comprehensive set of laws governing commercial transactions in the United States, including sales of goods and secured transactions.
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