Examlex
What is the difference between a task force and an ad hoc committee?
Holder in Due Course
A term that refers to a party who has acquired a negotiable instrument in good faith and for value, and thus has certain rights above the original payee.
Requirements
Conditions or capabilities needed for something to be achieved, such as the specifications for software or the qualifications for a job.
Holder-in-Due-Course Status
Holder-in-due-course status refers to a legal protection granted to the holder of a negotiable instrument, who takes the instrument for value, in good faith, and without notice of any defects or claims against it.
Personal Defense
Legitimate reasons or arguments used by a defendant in a legal proceeding to challenge the enforceability of a demand made against them in a personal rather than real property context.
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