Examlex
Limited liability is not a feature of general partnership law.
Direct Beneficiary
An individual or entity that is explicitly intended by the parties involved to benefit from a contract or agreement.
Credit Instrument
A document that evidences a debt and the promise of repayment, such as bonds, notes, or mortgages.
Transferor's Warranties
Guarantees made by a seller (transferor) to a buyer about the condition, legality, and ownership status of the goods or property being sold.
Presenter's Warranties
Guarantees made by the presenter of a negotiable instrument, such as a check, regarding its legitimacy and their authority to present it.
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