Examlex
Choose the correct statement.
Holder in Due Course
A party possessing a negotiable instrument (like a check) in good faith and for value, with certain protections against claims and defenses.
Payable to Cash
A term indicating that a check or other document is made out to "Cash" instead of a specific payee, allowing anyone who holds it to cash it.
Voluntary Transfer
The intentional conveyance of property or rights from one party to another without coercion or force.
Unauthorized Signature
A signature made without the expressed permission of the person purported to have signed, potentially leading to legal or financial complications.
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