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A bank has reworked its mortgage application process so that several steps are handled by computer software,and some steps are combined to reduce bottlenecks in processing.The goal is to gradually improve its efficiency over time.This is an example of
Express Warranty
An explicit guarantee made by a seller about the condition, quality, or performance of a product, forming part of the contract of sale.
Business Contracts
Legally binding agreements between two or more parties that outline the terms of business transactions.
Time Of Payment
The specific date or period as stipulated in a contract by which payment is due to be made.
Delivery
Delivery is the act of transferring an item from one party to another, in the context of sales or transportation, with the intention of passing control or ownership.
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