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The University of Kay and Kaytech University are bitter cross-town rivals.They compete in everything from sports to academics.Due to decreasing enrollment,the schools make an agreement to give all incoming students free tuition for one semester before raising the existing rates the following semester.This action is most likely to be considered a
Warranty Liability
Liability that is attributed when the transfer of an instrument breaches a warranty associated with an instrument.
Transfer
The act of moving or conveying property or rights from one party to another.
Primary Liability
The obligation falls directly on the individual or entity primarily responsible for an obligation, especially in financial transactions.
Principal's Name
The name of the main party or entity involved in a financial or legal transaction.
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