Examlex
Which of the following is an advantage of e-negotiations?
Acceptor
The person (the drawee) who accepts a draft and who agrees to be primarily responsible for its payment.
Ordinary Holder
An ordinary holder in financial contexts refers to an individual or entity that legally possesses a negotiable instrument, like a check or draft, without necessarily having any special rights, claims, or defenses related to it.
HDC Rights
Rights afforded to a Holder in Due Course, who has obtained a negotiable instrument in good faith and is protected from certain defenses in collection.
Fraudulently Induces
To cause someone to act or make a decision based on deception, often leading to legal harm or damage.
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