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An Order Instructing the Bank to Pay a Given Sum

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An order instructing the bank to pay a given sum to a specified person or firm is


Definitions:

C Corporation

A legal structure for a corporation where the owners or shareholders are taxed separately from the entity, distinguishing the company as an independent legal entity under U.S. federal income tax law.

Demise of Owners

The situation where the owner(s) of a business pass away, creating potential uncertainty or transition phases for the business operation and ownership.

Sole Proprietorship

A company that is solely owned and run by one person, where the law does not differentiate between the proprietor and the business itself.

Legal Filing

The process of submitting documents to a court or official body to comply with legal requirements in a lawsuit or other legal proceedings.

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