Examlex
Network externalities exist when a product or service becomes less expensive as more people use it.
Promissory Note
A written promise to pay a specified amount of money to a person or entity under agreed conditions.
Holder in Due Course
A legal term referring to a person who has received a negotiable instrument in good faith and for value, thereby having certain protections against defects in the instrument's title.
Shelter Rule
A legal principle in commercial law that allows a person who acquires goods in good faith to obtain certain rights even if the transferor of those goods did not have authority to sell.
Negotiation
A dialogue between two or more parties, aimed at reaching a mutual agreement or resolving a dispute over a particular issue or contract.
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