Examlex
"Since you anticipate using our braking system with your current machine,I suggest you buy now before we perform a planned retooling of our existing system.We know our current braking system is compatible with your machines,but I cannot promise the new design will be." This is an example of a(n) :
Warranties On Presentment
Guarantees made concerning the validity, authenticity, and condition of a negotiable instrument when it is presented for payment or acceptance.
Payor
A payor, in financial transactions, is the party that makes a payment to another party, the payee, often in fulfillment of an obligation such as a bill, loan, or settlement.
Acceptor
The party who agrees to pay a bill of exchange, such as a draft or check, upon its presentation.
Primarily Liable
Being the first or main party responsible for fulfilling an obligation or debt.
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