Examlex
Match the acronym with its correct meaning.
-American Society of Mechanical Engineers
Without Recourse
A term indicating that the seller of an asset is not liable to the buyer for any defects or non-performance.
Indorses
A party who transfers their rights in a negotiable instrument to another party by signing the back of the instrument.
Honor the Check
When a bank accepts and processes a check for payment from the account of the payer, ensuring the transfer of the stated amount to the payee.
Warranty Liability
Legal obligation arising from warranty promises that ensure a product or service meets certain standards and conditions.
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