Examlex
Which of the following is not true of the Texas Constitution of 1845?
Bearer
An individual in possession of a negotiable instrument or security that is payable to whomever holds the document.
Holder in Due Course
A legal term referring to a party that has acquired a negotiable instrument in good faith and for value, with certain protections against previous claims.
Good Faith
An implied promise to act honestly and not take unfair advantage in transactions.
Primarily Liable
Refers to the party or entity that bears the main responsibility in fulfilling an obligation or debt, without dependence on the failure of another party.
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