Examlex
All of the following are examples of absolute systems EXCEPT:
Holder
The person in possession of a negotiable instrument.
Cheques
Written orders directing a bank to pay a specified sum of money from the writer's account to the person or entity named on the cheque.
Bills Of Exchange
Documents that signify a written order directing one party to pay a determined sum to another by a specific date.
Promissory Notes
Written promises to pay a specified sum of money to a designated person at a fixed or determinable future time.
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