Special Report on
Legal Definition of Negotiable Instrument
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Outside the legal world, the word “evidence” generally connotes proof of some sort. However, when it comes to the legal realm of the courtroom, “evidence” takes on a plethora of forms with differing meanings and legal consequences. Black’s Law Dictionary defines “evidence” as “something (including testimony, documents, and tangible objects) that ends to prove or disprove the existence of an alleged fact.” On its face, this definition seems simple enough; however, “Evidence” in the law is also understood to be the body of law that regulates the ...
Take any bill out of your wallet, notice the little “Federal Reserve Note” written in the ribbon at the top of the bill? You may have heard that it’s considered legal tender and that you are required to accept it as payment. As it turns out , while the Coinage Act of 1965 states that “United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues,” there is no such law that requires anyone to accept them. Section 31 U.S.C. 5103 ... Read More
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