Examlex
Which of the following statements is best?
Contract Law
The area of law that governs the making, enforcement, and interpretation of agreements between parties.
Promissory Note
A financial instrument involving a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.
Credit Instrument
A document that represents a legal agreement involving any kind of financial credit or loan arrangement, including promissory notes, bonds, and letters of credit.
Payee
A person to whom a payment is made or is made payable.
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