A Check Is a Special Type of Draft That Is

question 20

True/False

A check is a special type of draft that is drawn on a bank, ordering the bank to pay a fixed amount of money on demand.

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Definitions:

Design Patent

A design patent is legal protection granted to the unique visual qualities of a manufactured item, protecting its appearance, aesthetic features, or ornamental design rather than its utility or function.

Unique Or New Forms

Innovative or first-of-its-kind methods, structures, or types not previously seen or used.

Specific Performance

A nonmonetary award granted by the courts to a party of the contract who has suffered a loss due to the actions of another party.

Nonmonetary Award

Recognition given to employees or individuals that do not involve a direct financial reward, such as certificates, plaques, and verbal recognition, aimed at motivating and valuing contributions.