Examlex
Which of the following is not a type of drum?
Indorsed
The act of signing one's name on the back of a check or other negotiable instrument for the purpose of transferring rights or entitlements.
Ratification
The formal approval of an agreement, treaty, or act, making it officially valid.
Promissory Note
A written promise to pay a specified amount of money to a person or entity under agreed conditions.
Holder in Due Course
A legal term referring to a person who has received a negotiable instrument in good faith and for value, thereby having certain protections against defects in the instrument's title.
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