Examlex
In the United States, which of the following is one of the IADLs?
Negotiable Instruments
Financial documents that guarantee the payment of a specific amount of money, either on demand or at a set time, with the payee able to transfer it to another holder.
Non Est Factum
A legal defense meaning "it is not my deed" used when a person signed a document mistakenly or under a fundamental misunderstanding.
Foreclosure
A legal process by which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments by forcing the sale of the asset used as the collateral for the loan.
Mortgage
A legal agreement by which a bank or creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.
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