Examlex
The three broad authority levels of the organizational pyramid are commonly called corporate governance.
Illegality
The state or condition of being contrary to the law or violating legal norms or provisions.
Obligation
A legal or moral duty to do or not do something, often arising from contracts, law, or personal commitments.
Instrument Void
A legal term indicating that a document, typically a contractual agreement, is null and has no legal effect.
Holder In Due Course
A person who has acquired a negotiable instrument in good faith and for value, and thus has certain rights above the original issuer or transferrers.
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