Examlex
Which of the following occurs during the norming phase?
Holder in Due Course
A legal term that refers to a person who has acquired a negotiable instrument in good faith and for value, thereby having certain rights to payment.
Transferred
The act of moving or shifting ownership, rights, or possession from one entity to another.
Rights
Privileges or entitlements that are ethically and legally recognized as belonging to a specific individual or group.
Holder in Due Course
A person who has acquired a negotiable instrument in good faith and for value, therefore having certain legal protections.
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