Examlex
Advantages of group decision making would include the following EXCEPT FOR:
Obligor
A person or entity legally bound to provide a payment, service, or other benefit to another (the obligee) under the terms of a contract or legal agreement.
Negotiable Instrument
A formal written notice ensuring a particular sum of money will be paid, either immediately when asked or at a certain date, with the document specifying who is to pay.
Promissory Note
A written, legally binding document in which one party promises to pay another a specific sum of money, either on demand or at a defined future date.
Maker
The individual or entity that creates or signs a promissory note, thereby agreeing to pay the note's value at maturity.
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