Examlex
While driving a long distance on a familiar route,Jim finds his mind wandering from work to family to thoughts of dead relatives and winning the lottery.He has no memory of the actual drive.This is an example of
Right of Recourse
The legal right to demand compensation or payment from a third party after fulfilling an obligation, especially in financial transactions.
Discharge
(1) The termination of an obligation, such as occurs when the parties to a contract have fully performed their contractual obligations. (2) The termination of a bankruptcy debtor’s obligation to pay debts.
Negotiable Instrument
A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, to the person possessing it.
Intelligence
The ability to acquire and apply knowledge and skills, or information gathered for analysis in contexts such as security or business.
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