Examlex
Which of the following possesses the sole power to create revenue bills?
Holder
A person who is in possession of a negotiable instrument that is issued or indorsed to that person’s order or to bearer.
Negotiable Instrument
A written document that is signed by the maker or drawer and that contains an unconditional promise or order to pay a certain sum of money on delivery or at a definite time to the bearer or to order.
Holder in Due Course
A legal term describing a party who has acquired a negotiable instrument in good faith and for value, thereby having certain protections against defenses and claims.
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