Examlex
Which of the following would a firm most likely hire as a logistics supplier?
Entitlement To Payment
The legal right or claim to receive a specific sum of money.
Dishonor
In legal and financial contexts, dishonor refers to the failure to fulfill an obligation, such as when a check is not honored by a bank due to insufficient funds.
Negotiable Note
A financial instrument containing a promise to pay a certain amount of money, either on demand or at a future date, which is transferable by endorsement.
Holder In Due Course
A legal term describing a person who has acquired a negotiable instrument in good faith and for value, thereby granting certain rights in excess of the original payee.
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