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A commonly recognized critical success factor for most organizations is
Respo onsiveness
Negligence
Negligence is the failure to take proper care in doing something, leading to damage or injury to another person.
Fictitious Payee Rule
A legal principle stating that if a negotiable instrument is issued to a fictitious payee, it may be treated as payable to bearer, affecting endorsement requirements.
Imposter Rule
A rule that holds that if one obtains a negotiable instrument by impersonating another and endorses it with the impersonated party’s signature, the loss falls on the drawer of the instrument.
Uniform Commercial Code
A comprehensive set of laws governing all commercial transactions in the United States, intended to standardize and simplify transactions across state lines.
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