Examlex
The basic setup is composed of which of the following instruments?
Presentment Warranties
Guarantees made by the presenter of a negotiable instrument that certain facts are true at the time of negotiation.
Altered Instrument
A legal term referring to a document, particularly a negotiable instrument, that has been illegally modified in a way that changes its original terms.
Collateral
Under Article 9 of the Uniform Commercial Code, the property subject to a security interest.
Impair
To weaken or damage something, especially a legal right, financial value, or physical condition.
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