Examlex
Which of the following would NOT be considered owned media?
Liability
The state of being responsible for something, especially in terms of a legal or financial obligation.
Right of Recourse
The legal right to demand compensation or payment from a third party after fulfilling an obligation, especially in financial transactions.
Discharge
(1) The termination of an obligation, such as occurs when the parties to a contract have fully performed their contractual obligations. (2) The termination of a bankruptcy debtor’s obligation to pay debts.
Negotiable Instrument
A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, to the person possessing it.
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