Examlex
The encrypted version of the P code is the
Burden Of Loss
Refers to the responsibility to bear the financial impact of damage, loss, or destruction of property in legal or insurance contexts.
First Party
The entity or individual directly involved in a transaction or legal agreement, such as the buyer in a purchase agreement.
Warranty Liability
Legal obligation arising from a promise or assurance given by a seller that certain statements about a product or service are true or will be met.
Bearer Instrument
A financial document that entitles the holder or bearer to the rights or assets it represents, without the need to prove ownership.
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