To Enforce an Implied Warranty of an Indorser,the Party Claiming

question 43

True/False

To enforce an implied warranty of an indorser,the party claiming under the warranty must give the indorser notice of the breach within fourteen (14)days after the claimant learns or has reason to know of the breach and the identity of the indorser.

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Definitions:

Proper Public Purpose

Proper public purpose is a principle stating that governmental actions and the use of public resources must aim to benefit the general public or community as a whole.

Expropriation

The act of a government taking private property for public use, with compensation provided to the owner.

Confiscation

The act of seizing property by authority, often without compensation, for legal or government use.

Expropriation

The act by a government of taking privately owned property to public use, typically with compensation to the owners.