Examlex
Ray was given a long list of food words to memorize, and when he was asked to recall those words he started listing them in a different order than they had originally been listed. He first listed all the words that were names of fruits, then the names of all the dairy products, and so on. Which term is used to describe this tendency to group items into logical patterns?
Enforceable Contract
A legal agreement that is valid and can be upheld in court.
Negotiable Instruments
Financial instruments that are transferable from one party to another, typically including checks, promissory notes, and bills of exchange.
Checks
Checks are written, dated, and signed instruments that direct a bank to pay a specific amount of money from the writer's account to the person or entity in whose name the check has been issued.
Drafts
Written orders by one party (the drawer) to another (the drawee) to pay a specific amount of money to a third party (the payee) on demand or at a specified future date.
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