Examlex
After getting cactus needles stuck in her hand, two-year-old Rachel no longer touches cactus plants. Using operant conditioning terms, this is an example of:
Indorser
A person or entity that signs the back of a negotiable instrument, thereby transferring ownership or guaranteeing payment to another party.
Negotiable
A term that describes the transferable nature of certain documents or instruments, such as checks, which can be legally and freely passed from one party to another.
Holder in Due Course
A party that has acquired a negotiable instrument in good faith, for value, and without notice of any defect, and thus is protected from certain defenses and claims.
Value for the Check
The amount of money represented by a check; the monetary worth or consideration for which a check is issued.
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