Examlex
Your professor tells the class to close and put up their books and take out a pen or pencil to take the test. If you follow your professor's instructions, you
Holder in Due Course
A term in commercial law referring to a party who has received a negotiable instrument in a legitimate manner for value, without notice of any defects in the instrument or claims against it.
Immediate Party
A term not commonly used in a specific legal definition, but generally refers to parties directly involved in a legal transaction or matter.
Bad Faith
Deliberate deceit or a refusal to fulfill one's obligations or agreements, often implying a dishonest intent.
Sale of Goods Act
refers to a statutory framework that regulates the sale and purchase of goods, setting out the rights and duties of both buyers and sellers.
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