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Kelstone Developers is planning to build a new shopping mall that would require the partial acquisition of a nearby public park. Walking Green, an environmental group, challenges the plan citing environmental destruction. In response to the demands of Walking Green, Kelstone Developers promises to build a huge park-like walkway around the mall. Walking Green is an example of a(n) in this scenario.
Accommodation Party
A person who signs a negotiable instrument for the purpose of lending their reputation to someone else on the instrument, without direct benefit.
Negotiable Instrument
A written document that promises or orders the payment of a fixed amount of money, with the capability of being transferred to another party.
Presentment
The act of making a demand for the drawee to pay.
UCC
A standardized set of laws that facilitate the commercial exchange of goods, securities, and transactions across the U.S.
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