Examlex
What type of feedback loop is utility companies' encouragement of customers to use even more electricity so they can make more money by selling more electricity?
Payee
The individual or entity to whom a payment is to be made or who will receive the payment.
Subsequent Holder
An individual or entity that acquires a negotiable instrument after it has been initially issued.
Simple Contracts
Contracts that can be oral or written, not formalized by seal, and recognized by courts if they meet basic requirements like offer, acceptance, and consideration.
Negotiable Instruments
Written documents guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer usually not named.
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