Examlex
The third stage of labor is characterized by
Holder In Due Course
A person who has acquired a negotiable instrument in a legitimate manner and has rights to enforce it free of certain defenses.
Personal Defense
A legal argument or strategy used by an individual to justify actions taken or to protect oneself from criminal or civil liability.
Failure Of Consideration
occurs when the promised performance in a contract is not delivered, rendering the contract voidable or void.
Revised Article 3
Amendments made to Article 3 of the Uniform Commercial Code, which governs negotiable instruments like checks and drafts, to modernize and clarify its provisions.
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