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Explain why charitable giving is Pareto superior move.Is there an economic explanation of why the supply of charity might be sub-optimal? Explain.
Indorsers
Individuals who sign their names on the back of negotiable instruments, like checks or promissory notes, transferring their rights to another party.
Accommodation Maker
A person who signs a loan instrument to help someone obtain credit but who has no direct benefit from the loan.
Liable
Subject to legal obligation, where an individual or entity is responsible for fulfilling certain duties or compensating for harm caused to others.
Conditions Precedent
Specific conditions that must be fulfilled before a contract or agreement becomes legally binding.
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