Examlex
An express warranty is created upon description of the goods.
Notice Of Dishonor
A formal notification indicating that a payment instrument, such as a check or bill of exchange, has been presented for payment and refused.
Potential Liability
A legal obligation that might occur in the future, depending on the outcome of a particular event.
Authorized Agent
An individual or entity that has been given the legal authority to act on behalf of another person or entity in business transactions or negotiations.
Primary Liability
The foremost responsibility to pay or perform under a legal obligation, without recourse to others for reimbursement.
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