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Once the output of a work unit has been identified, it is important to specify the quality and quantity standards for these outputs.
Drawee Bank
The bank upon which a check is drawn and is responsible for paying the check amount to the payee.
Void Check
A void check is a check that has been cancelled or invalidated, making it non-negotiable and preventing its use for payment.
Notice Requirement
Legal obligations that mandate certain information be given to relevant parties in specific situations, often within a defined timeframe.
Ordinary Care
The level of attention, caution, and prudence that a reasonable person in similar circumstances would exercise to avoid harm.
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