Examlex
What is the difference between a primary and a secondary source?
Maker
In the context of negotiable instruments, the individual or entity that creates and signs the instrument, promising to pay the specified amount.
Liability
Liability is the legal responsibility to settle debts or legal claims. This encompasses both financial obligations and the duty to compensate for harm or damage caused.
Negotiable Instrument
A document in writing that promises to pay a designated sum of money, either when asked or at a predetermined time, with the document specifying who must make the payment.
Signs
Objects, gestures, or marks used to convey information, instructions, or identifications.
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