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Why are the winds in a hurricane and tornado so strong?
Drawee
The party named in a draft who is ordered to pay the money to the payee.
Holder in Due Course
is a legal term for a person who has acquired a negotiable instrument in good faith and is protected against certain defenses, ensuring the enforceability of the instrument.
Negotiable Instrument
A paper ensuring the payment of a certain sum of money, either upon request or at a predetermined time, with the document specifying the person responsible for payment.
Rights
Entitlements or freedoms that are guaranteed by law, tradition, or ethical principles, which allow individuals to perform certain actions or claim specific benefits.
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