Examlex
One advantage of cloud computing is that it shifts IT from a capital expense to an operating expense.
Liability
Refers to the legal responsibilities and obligations that arise from actions or omissions that could result in harm or loss to another party.
Warranty Liability
A legal obligation arising from warranty provisions that hold a seller or manufacturer responsible for defects or non-compliance of a product or service with the stated warranties or guarantees.
Transfer
The act of moving an asset, title, right, or interest from one entity or individual to another, which can occur through various means such as sales, gifts, or inheritance.
Acceptance
The act of agreeing to the terms of an offer, thereby creating a binding contract.
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