Examlex
The basic organizational format for most legal writing is the IRAC format.
Reasonable Commercial Standards
The accepted norms and practices within a particular industry or trade that are considered to be fair and appropriate.
Demand Instrument
A demand instrument is a financial document that requires payment of a specified sum of money immediately upon demand or within a short time frame.
Overdue
Refers to something being past its expected or scheduled time, often used in the context of payments or tasks.
Primarily Liable
Refers to the party that bears the first or main responsibility for fulfilling an obligation or debt.
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