Examlex
You are flipping through channels on TV when you come upon a French-speaking station.You do not speak French,and you are amazed at how quickly it is spoken.Which of the following factors is most relevant for explaining this reaction?
Dishonor
To refuse to accept or pay a negotiable instrument when it is presented.
Drawee
The party named in a draft who is ordered to pay the money to the payee.
Holder in Due Course
is a legal term for a person who has acquired a negotiable instrument in good faith and is protected against certain defenses, ensuring the enforceability of the instrument.
Negotiable Instrument
A paper ensuring the payment of a certain sum of money, either upon request or at a predetermined time, with the document specifying the person responsible for payment.
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