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Bob,who has a large trust fund,is angry at Alice because she stopped dating him.Alice ran a successful dog grooming shop but Bob decided to open a dog grooming shop next door solely to run her out of business because he was angry over the break up.Which of the following is correct?
Check Conversion
The process of electronically transforming a paper check into an electronic payment, speeding up the transaction process.
Holder in Due Course
A legal term for a person who has acquired a negotiable instrument in good faith and for value, thereby having certain protections.
Fixed Amount Requirement
A stipulation that requires a specific, predetermined amount of money to be paid or received in a transaction or contract.
Negotiable Instruments
Written documents guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer's name written on it.
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