Examlex
Identify the true statement about automatic processes.
Entitlement to Payment
The legal right or claim to receive a sum of money from another party under the terms of a contract or agreement.
Promissory Note
A financial instrument that contains a written promise by one party to pay another a definite sum of money either on demand or at a specified future date.
Seeking Recovery
The act of attempting to obtain restitution or compensation for loss or damage incurred.
Notice of Dishonor
A formal notification indicating that a negotiable instrument, such as a check or bill of exchange, has been presented for payment and refused.
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