Examlex
The main purpose of selection is:
Proper Presentment
The correct or formal presentation of a document for acceptance or payment, such as a check.
Accommodation Party
is an individual who signs a negotiable instrument on behalf of another party, guaranteeing payment without receiving personal benefit.
Maker
A person who has promised to pay a set sum to the holder of a promissory note or certificate of deposit.
Drawer
The person who writes or issues a bill of exchange, cheque, or draft, instructing a drawee to pay a specified sum to a payee.
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