Examlex
Revenue and expense data for Martinez Company are as follows:
Signature Liability
Liability attributed because of a party’s signature on an instrument.
Consideration Requirement
A legal principle that an agreement must involve a bargain or exchange of value between the parties to be enforceable.
Holder in Due Course
A party who has acquired a negotiable instrument in good faith and for value, thus having certain protections against defenses and claims that could be raised by prior parties.
Shelter Principle
A legal concept that allows a person who receives goods in good faith without knowledge of a defect in the title to sell them with a clear title.
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