Examlex
Informal social movements emerge in opposition to a specific local issue,while formal social movements are embedded into the socio-cultural fabric of society.
Primarily Liable
Liable for paying the amount designated on an instrument when it is presented for payment.
Defaults
A failure to fulfill an obligation, especially to repay a loan on time.
Holder in Due Course
A legal term for a person who has acquired a negotiable instrument in good faith and for value, and thus has certain protections.
Uniform Commercial Code
A comprehensive set of laws that governs commercial transactions in the United States, aiming to standardize and simplify the process across state lines.
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