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What was the Baker Plan?
Signature Requirement
The need for a person's written mark or signature to authorize documents, contracts, or other formal agreements.
Unconditional Promise
denotes a commitment or guarantee made without stipulating any conditions - the promisor must fulfill their obligation, regardless of external circumstances.
Requirements For Negotiability
The legal criteria that a document must meet to be considered negotiable, allowing it to be transferred or endorsed.
Contract Formed
The process of creating a legally binding agreement, requiring offer, acceptance, consideration, and mutual consent among parties.
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