Examlex
A restaurant is facing a decision about whether it should bake its own dinner rolls or whether it should continue to purchase the dinner rolls from a local bakery.Which of the following costs would be relevant to its decision?
Ordinary Holder
A typical investor or shareholder who possesses a security or financial instrument without any special rights or privileges.
Transferor
An entity or person who transfers or conveys rights, property, or other assets to another party, the transferee.
Rights
Entitlements or freedoms granted by legal, social, or moral principles that are inherent to all human beings.
HDC (Holder in Due Course)
A holder in due course is a party who has acquired a negotiable instrument in good faith and for value, and thus has certain rights above the original issuer or transferee.
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