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What occurs when a task or activity is unnecessarily repeated?
Negotiable Instrument
A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.
Holder
An individual or entity that legally possesses a negotiable instrument, like a check or bond, and has the right to enforce its terms.
Immunity
A provision or status that protects a person or entity from legal action or liability under certain conditions.
Drawee
The party directed by a drafter (e.g., the issuer of a check) to pay a certain sum of money to the party named in the document.
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