Examlex
Name and describe the five important roles in the household purchase process.
Instrument
A legal document formalizing an agreement or right, such as contracts, wills, or deeds.
Conditional Order
Refers to an order in a legal or financial context that will only be executed if certain conditions are met.
Negotiable Instrument
A financial document, such as a check or promissory note, that contains a promise to pay a specific amount of money to the bearer or assignee, which can be transferred by endorsement or delivery.
Promissory Note
A financial instrument containing a written promise by one party to pay a certain sum of money to another party under specified conditions.
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