Examlex
Memory is defined as an active system that consists of three processes. They are __________.
Unaccepted Draft
A written order to pay a specified amount that has not been agreed to or signed by the party expected to pay.
Entitled To Enforce
A legal phrase indicating that a person or entity has the right to enforce a contract or legal instrument.
Promissory Note
A promissory note is a financial instrument in which one party (the issuer) promises in writing to pay a determinable sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms.
Proper Presentment
The formal process of presenting a document, such as a check or draft, to the appropriate party for payment or acceptance.
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