Examlex
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Individual Capacity
Acting on one’s own behalf, involving personal rights or responsibilities, rather than on behalf of a group or a corporate entity.
Liability
The state of being legally responsible for something, typically a debt or obligation.
Note
A financial instrument recognizing a debt or obligation, typically with the promise to repay the principal along with potential interest.
Revised Article 3
An update to a section of the Uniform Commercial Code that deals with negotiable instruments, including changes to laws governing checks and promissory notes.
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