Examlex
The relative refractory period of an excitable membrane refers to the period of time during which no stimulus,however strong,will elicit a second action potential in the membrane.
Contractual Defenses
Legal arguments that can be used to challenge the enforceability of a contract.
Promissory Note
A financial document in which one party promises to pay another party a specific sum of money on a specified date or on demand.
Code Requirements
The standards and regulations set forth in legal codes that must be adhered to in specific contexts, such as building or manufacturing.
Holder in Due Course
Refers to a party who has acquired a negotiable instrument in good faith and for value, thereby having certain protections against defenses and claims that could be asserted by prior parties.
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