A negotiable instrument often means an unqualified promise or instruction to pay a secure amount of money, with or even without interest or other charges described in the promise of order.
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Common law is not written in one document like an act of parliament, however, it is a form of law that is based on previous court cases that are decided by judge. The law is often applied by reference to those previous cases, so common law is also said to be based entirely on precedent.
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