Examlex
Norms are not useful in figuring out what is appropriate or inappropriate in a group setting.
Purchaser of Goods
An individual or entity that buys products for personal use, resale, or production purposes.
Promissory Note
A promise to pay the amount stated on the instrument.
Holder in Due Course
A party that holds a negotiable instrument (like a check or promissory note) and has acquired it under certain conditions, providing the holder with certain rights free of many defenses.
Assigned Contractual Rights
The transfer of one party's rights under a contract to another party, allowing the assignee to benefit from the contract.
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