Which Concept Is Most Basic: Furniture, Chair, or High Chair

question 161

Short Answer

Which concept is most basic: furniture, chair, or high chair?

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Definitions:

Payable

The status of an obligation that is due to be paid.

Instrument

A written legal document that formalizes an agreement or an obligation.

Drawer

In banking and finance, the person who writes or draws a check, draft, or bill of exchange.

Drawee

The party in a transaction upon whom a check, draft, or bill of exchange is drawn and who is directed to pay.