Examlex
Gears are designed to do all of the following except:
Transferee
A person or organization that acquires property, rights, or interests from someone else via a lawful transfer method.
Transferor
The party that transfers rights, property, or interests to another, known as the transferee.
Qualified Endorsement
A clause on a negotiable instrument which limits the liability of the endorser or specifies a particular payee.
Without Recourse
A financial agreement where the seller is not liable to the purchaser for any failure of the assets or obligations sold.
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