Examlex
Match the following definitions and terms by placing the number that identifies the best definition in the blank space next to the term.
- A company's record of all transactions in one place that shows debits and credits for each transaction
Obligation
A legal or moral duty to do or not do something, often arising from contracts, law, or personal commitments.
Instrument Void
A legal term indicating that a document, typically a contractual agreement, is null and has no legal effect.
Holder In Due Course
A person who has acquired a negotiable instrument in good faith and for value, and thus has certain rights above the original issuer or transferrers.
Altered
Changed or modified, often referring to a document that has been tampered with or adjusted in some way.