Examlex
Study the diagram below.Which of the following sentences is true?
Drawer
In the context of financial instruments, the entity that writes or issues a check or draft.
Dishonored
A term used when a financial instrument like a check or promissory note is not accepted or paid on presentation.
Personal Defenses
Legal defenses that can be used to avoid enforcement of a contract or negotiation due to personal circumstances, such as minority, incapacity, or duress.
Illegality
The quality or condition of being contrary to law or forbidden by law.
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