In a Transfer Without Recourse the Transferor Retains the Risk

question 139

True/False

In a transfer without recourse the transferor retains the risk of ownership and bears any loss from nonpayment.

---

Definitions:

Elizabeth Kubler-Ross

A psychiatrist known for her pioneering work on death and dying, particularly for developing the five stages of grief model.

Television Specials

Unique, one-time or limited-run TV programs focusing on specific topics, events, or celebrities.

1970s

A decade in the 20th century (from 1970 to 1979) marked by significant social, political, and cultural change, including movements for civil rights and environmentalism.

1960s

A decade marked by significant cultural, political, and social changes worldwide, often associated with civil rights movements and counterculture.