Examlex
Creativity should be used only in cases of nonprogrammed problems.
Holder in Due Course
A legal term describing a person who has acquired a negotiable instrument in good faith and has the right to collect on it, free from many defenses.
Due Diligence
The investigation or exercise of care that a reasonable business or person is expected to take before entering into an agreement or a financial transaction with another party.
Negotiable Instrument
A document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.
Confession of Judgment
A legal agreement in which a debtor permits a creditor to obtain a judgment against them without a trial.
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