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The Charles River Bridge v.Warren Bridge (1837)decision established that a state could incorporate competing franchises,effectively overturning the old idea that a corporate charter implied a grant of monopoly.
Promissory Note
A written, legally binding promise to pay a specific sum of money at a specified time to a person or entity.
Negotiable Instrument
A signed writing that contains an unconditional promise or order to pay an exact sum of money, on demand or at an exact future time, to a specific person or order, or to bearer.
Student Loan
A type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books, and living expenses.
Credit
A financial term describing the ability of a borrower to receive goods or services before payment, based on the trust that payment will be made in the future.
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