Examlex
A unilateral contract may consist of a promise exchanged for an act or forbearance.
Payee
The party in a financial transaction who receives the payment.
Drawee
The party in a transaction who is directed to pay a specified amount of money, often referenced in the context of a check or draft.
Consumer Note
A debt instrument in which the buyer agrees to pay the seller a specified amount of money at a later date, often with interest.
Negotiable Instrument
A document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.
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