Examlex
Before American Road Builders, Inc., permits its new employees to operate the heavy equipment it uses to build roads, it sends them to a nearby classroom where they learn the safe and proper way to work with all of the tools and equipment they will use when they perform their jobs. American Road Builders is using a training technique known as:
HDC Status
HDC status refers to being recognized as a Holder in Due Course, which grants certain legal protections in the context of financial instruments, emphasizing good faith acquisition and the absence of knowledge of defects.
Holder
An individual or entity that legally possesses a negotiable instrument, like a check or a bill of exchange.
Notice
A formal indication or announcement given by one party to another regarding a legal obligation or process.
Claim
An assertion, usually in a legal context, of a right to money, property, or a legal remedy.
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