Examlex
Some sprinkler systems, called _________________________ systems, keep all individual sprinkler heads open; as soon as the system is activated, water is immediately applied to all areas.
Warranty Liability
Legal obligation arising from warranty promises that ensure a product or service meets certain standards and conditions.
Negotiable Instruments
Written documents guaranteeing the payment of a specific amount of money, either on demand or at a set time, which can be transferred by endorsement.
Drawee
The party in a financial transaction who is directed to pay a certain sum of money in a draft or check, typically a bank.
Forged Indorsement
A fraudulent signature, often on the back of a negotiable instrument like a check, intended to transfer its ownership.
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