Examlex
One of the best characteristics of Sarah's team is its ability to consciously reflect on its master plan and adapt it as necessary.This characteristic is known as
Holder in Due Course
A legal term referring to a person who has acquired a negotiable instrument in good faith and for value, and thus has certain protections against defenses and claims that could be raised by prior parties.
Transfer Warranties
Guarantees provided by a seller to a buyer regarding the condition and legality of the item or property being transferred.
Endorsement
The act of signing one's name on the back of a financial instrument, such as a check, thereby transferring rights or title to another party.
Payee
The party that receives the benefit of an order (check, etc.).
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