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What Is the Foundation Technology for Web Services

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What is the foundation technology for Web services?


Definitions:

Unaccepted Draft

A written order to pay a specified amount that has not been accepted by the entity it is drawn upon, typically in international trade.

Drawee

The party directed by a draft or check to pay the specified amount, typically a bank.

Real Defenses

A limited set of defenses that can be used to challenge the enforceability of a negotiable instrument, including forgery, fraud, and duress.

Personal Defenses

Defenses used in legal contexts that are specific to an individual, often used to avoid enforcement of a contract or to combat allegations in civil or criminal cases.

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