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Through the use of a contingency contract, Logan learned to raise his hand to ask for help from his teacher. After three weeks, the contract was discontinued. However, Logan continued to raise his hand to ask for help. What type of generalization is represented by this scenario?
Drawee
The person or entity upon whom a check, draft, or bill of exchange is drawn and who is expected to pay it.
Payee
The person or entity to whom a payment is to be made or who receives the payment.
Negotiable Instruments
Financial documents, like checks or promissory notes, that guarantee payment of a specific amount of money to the bearer under certain conditions.
UCC
Stands for Uniform Commercial Code, which is a comprehensive set of laws governing all commercial transactions in the United States.
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