Examlex
Bachiko belongs to a small transient religious group that rejects the values of her sprawling city. Sociologists would likely refer to this as a:
Negotiable Instrument
A signed document promising payment to a specified person or the bearer under certain conditions, like checks, drafts, and promissory notes.
Indorser's Liability
The responsibility borne by a person who endorses a negotiable instrument, such as a check, potentially making them liable for its payment.
Presentment
The formal presentation of a financial instrument, such as a check, for payment.
Dishonor
The failure to pay or accept a negotiable instrument that has been properly presented.
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