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"Since You Anticipate Using Our Braking System with Your Current

question 59

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"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) :


Definitions:

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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