A commercial instrument where one party has a legal obligation to pay another party a certain sum of money and involves a maker and a payee only is called:

Question

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A commercial instrument involving a maker and a payee only, with a legal obligation to pay a certain sum of money, does not specifically match the definitions of a check, certificate of deposit, debit, or draft as provided in the options. Each of these instruments involves additional parties or mechanisms beyond just a maker and a payee.

A Commercial Instrument Where One Party Has a Legal Obligation