Examlex
For a promotional campaign,the hierarchy of effects refers to the stages a prospective buyer goes through,which include:
Implied Warranties
Legal guarantees assumed in a transaction, suggesting that a product will meet certain standards even if not explicitly stated.
Discharged From Liability
A situation or legal process wherein an individual or entity is released from a responsibility, duty, or debt, absolving them from further obligations.
Present For Payment
The act of making a financial instrument, like a check or promissory note, available to the person obligated to pay on or by its due date.
Drawee Bank
is the bank upon which a check is drawn, meaning it is the bank where the check issuer has an account from which the check amount is to be paid.
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