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Discuss the creation of a database. Explain its working.
Holder In Due Course
A legal term for a person who has acquired a negotiable instrument in good faith and for value, and thus is protected against certain defenses and claims that could be raised against the original payee.
Payee
The party in a transaction who receives the payment.
Properly Delivered
Pertains to goods or documents being conveyed to the correct recipient in good condition and within the agreed timeframe.
Bearer Paper
A negotiable instrument that is payable to whoever holds the document; the physical possession of the document is the only requirement for entitlement to payment.
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