Examlex
"Every time I take it,it comes up with something different!" remarks Rita,turning away from the online personality quiz she just completed.Rita is complaining about the test's_____ .
Good Faith Purchaser
A Good Faith Purchaser is someone who buys property without knowledge of any prior claims, disputes, or flaws related to the property, thereby obtaining legal ownership.
Holder In Due Course
A legal term referring to a person who has acquired a negotiable instrument in good faith and for value, and thus has certain rights above the original payee.
Acceptor
The person (the drawee) who accepts a draft and who agrees to be primarily responsible for its payment.
Ordinary Holder
An ordinary holder in financial contexts refers to an individual or entity that legally possesses a negotiable instrument, like a check or draft, without necessarily having any special rights, claims, or defenses related to it.
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