Nonrepudiation Means That Customers or Partners Can Be Held Accountable

question 59

True/False

Nonrepudiation means that customers or partners can be held accountable for transactions, such as online purchases, which they cannot later deny.

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Definitions:

Defenses

Legal arguments and strategies used by a defendant to challenge the validity of the plaintiff's claims.

Holder in Due Course

A legal term referring to a person who has received a negotiable instrument in good faith and for value, enjoying certain protections against defects in the instrument and prior claims.

Promissory Note

A financial instrument containing a written promise by one party to pay another party a definite sum of money either on demand or at a specific future date.

Good Faith

Good faith refers to an honest intention to act without taking an unfair advantage over another party, often used to denote sincerity in negotiations or in fulfilling contractual obligations.