Talk About: -Idealistic Theories of Law

question 104

Essay

Talk About:
-Idealistic theories of law

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Definitions:

Negotiable

Capable of being transferred or converted into cash or equivalent value, often used in reference to financial instruments.

Payable on Demand

Refers to a financial obligation that must be paid by the debtor when the creditor requests it.

Drawer

In the context of banking, the person who writes or issues a check or draft instructing the drawee to pay someone else.

Drawee

The party upon whom a cheque or draft is drawn, and who is expected to pay the amount specified to the payee.