Select the Term That Is Spelled Correctly and Give Its

question 1

Short Answer

Select the term that is spelled correctly and give its meaning.
-A. callis B. callus
A or B: _____ meaning: __________

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Definitions:

Presentment Warranties

Guarantees made by the presenter of a negotiable instrument, such as a check, regarding the legitimacy and authority to transfer the instrument.

Liability

The state of being responsible for something, especially in terms of legal or financial obligations.

Unauthorized

Refers to actions taken without official permission or approval.

Personally Liable

Being personally responsible for fulfilling a legal obligation or paying off a debt, not limited to business or corporate liabilities.