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Negotiable Instrument
A financial document that guarantees the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.
Contract Silent
A scenario where a contract does not specify terms or conditions regarding a particular aspect or issue.
Voidable Title
A legal term indicating that a transfer of ownership may be declared invalid by a court, typically because of fraud or misrepresentation at the time of transaction.
Insufficient Funds
A situation where an account does not have enough money to cover the sum required for a transaction.
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