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General Motors, _____, and DaimlerChrysler have created a single online site called Covisint for purchasing automotive parts from suppliers.
Presentment
The formal presentation of a financial instrument, such as a check, for payment.
Bankruptcy
A legal proceeding involving a person or business that is unable to repay their outstanding debts, leading to the disposition of assets to pay creditors.
Primary Liability
The obligation to pay a debt or fulfill a contractual obligation first, before any secondary parties are called upon.
Indorsers
Individuals who sign their names on the back of negotiable instruments, like checks or promissory notes, transferring their rights to another party.
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