Examlex
Which of the following is NOT a characteristic of monopolistic competition?
Personal Defenses
Legal justifications or excuses that an individual can claim to defend against blame or legal liability.
Holders In Due Course
Individuals or entities that have acquired a negotiable instrument in good faith and for value, thus having certain protections against defenses and claims that could be asserted against the prior holders.
Holder In Due Course
A party who has acquired a negotiable instrument in good faith and for value, and thus has certain rights above the original parties to the instrument.
Materially Altered
Describes a significant change made to a document or agreement that affects its terms or essence.
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