Instructions: Please Define the Following Key Terms

question 33

Short Answer

Instructions: Please define the following key terms.Show Who? What? Where? When? Why Important?
-bubonic plague

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Definitions:

Reasonably Diligent Holder

A term used in commercial law referring to individuals holding negotiable instruments who take appropriate actions to secure their interests.

Maker

in the context of a negotiable instrument, is the party who created and signed the instrument, promising to pay a certain sum to another.

Primary Party

A principal party involved directly in a legal case or transaction.

Presentment For Payment

The act of formally presenting a financial instrument, such as a check or draft, for payment to the party responsible.