Identify the Following Terms

question 94

Short Answer

Identify the following terms.
-Timbuktu

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Definitions:

Promise To Pay

A legal agreement where one party agrees to repay a debt or fulfill an obligation to another party.

Negotiability

The characteristic of a financial tool that permits its transfer or assignment from one entity to another in return for value.

Preponderance Of The Evidence

A standard of proof in civil cases, requiring that a party's argument is more likely to be true than not based on presented evidence.

Manner Of Performance

Refers to the way in which an obligation, task, or duty is to be executed or fulfilled according to the terms of an agreement or contract.