Examlex
What does "X" represent in the following symbol?
Judicial Sale
The sale of property authorized by a court, often as a result of foreclosure or to enforce a judgment.
Holder In Due Course
A term in commercial law referring to a party who acquires a negotiable instrument in good faith for value, with certain protections against prior claims.
UCC
Uniform Commercial Code; a comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions.
Holder In Due Course
A person who has acquired a negotiable instrument in good faith, for value, and without notice of any defect, thereby having certain legal protections.
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