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A sample of milk is tested for its bacterial content in a plate count assay. A one -milliliter sample of the milk is diluted in a 1:10 dilution series. One milliliter of the third dilution tube is plated in a pour plate. After incubation, the plate has 54 colonies, indicating that the original milk sample contained
Accommodation Party
A party who signs an instrument to provide credit for another party who has also signed the instrument.
Credit
The granting of a loan and the creation of debt; any form of deferred payment, or the ability of an individual or company to borrow money with the promise to repay it at a later date.
Commercially Reasonable
Actions that a prudent person would reasonably take under comparable circumstances, particularly in business transactions.
Notice of Dishonor
A formal notification that a negotiable instrument, like a check, has been refused payment.
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