Examlex
Which of the following is not a common approach for designing process layouts?
Contractual Liability
The responsibility and obligations that a party is subject to under the terms of a contract.
Without Recourse
A phrase indicating that the holder of a financial instrument cannot demand payment from the originator if the instrument fails to pay.
Indorser
A person or entity that signs the back of a negotiable instrument, thereby transferring ownership or guaranteeing payment to another party.
Negotiable
A term that describes the transferable nature of certain documents or instruments, such as checks, which can be legally and freely passed from one party to another.
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