Examlex
List and briefly explain THREE risks associated with outsourcing.
Without Recourse
A financial agreement where the seller is not liable to the purchaser for any failure of the assets or obligations sold.
Materially Altered
A change in a document or agreement that significantly affects its terms or conditions.
Holder In Due Course
A legal term for a person who has acquired a negotiable instrument in good faith and for value, and thus is protected against certain defenses and claims that could be raised against the original payee.
Payee
The party in a transaction who receives the payment.
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