Examlex
Stereotypes
Negotiable Instrument
A written document guaranteeing the payment of a specific sum of money to a person or entity, with the ability to be transferred to another holder.
Personal Defenses
Legal arguments that an individual can use to avoid enforcement of a contract or document due to personal circumstances, such as fraud, duress, or incapacity.
Restrictive Indorsement
An endorsement on a negotiable instrument (like a check) that limits the way the instrument can be used or further negotiated.
Indorsement Purpose
The reason or intention behind endorsing a document, such as transferring rights or specifying conditions.
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