Examlex
What are three of the four recommended primary targets in the cycles approach?
Incomplete Instrument
A legal document or financial instrument that is missing essential information or signatures.
Negotiable
A term referring to a document or instrument that is transferable from one person to another in a form that is legally effective for the transfer.
Promissory Note
A written, legally binding agreement in which one party promises to pay another a specific sum of money by a set date.
Revised Article 3
An updated version of Article 3 of the Uniform Commercial Code (UCC) that governs negotiable instruments, including checks and promissory notes.
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