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This just means that once the loan is transferred, no one can hold the original loan holder or owner liable for anything if it goes wrong. This is common on house and car deals.
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Without recourse is what type of endorsement?
stating that the person who try to cash it, the person that it is giving to who is unable collect on it.cannot go after the party that endorse it without recourse.
Do all banks refuse to cash a check stamped without recourse?
no
Can a security or bond pledged be sold by the lender without recourse to the borrower?
Yes.
Is North Carolina a non recourse state?
North Carolina is considered as a non-recourse state. People who live here can leave their mortgage without any penalty of putting their other assets at risk.
How might a numberline not be useful when adding and subtracting integers?
When you can do addition and subtraction without recourse to it. Then it simply becomes a distraction.
Do a person have any recourse if a 15 year old had a nose piercing by a licensed professional without parental consent?
Depending on the State or Province you live in Yes you may have recourse. Contact your local health unit for more information.
Is theocracy good?
No. To have laws based on a religion is an imposition on those who do not subscribe to that religion. If a law is sound, it can be justified without recourse to religion.
What does without recourse mean on the back of a check?
Without Recourse is a legal defense protecting the endorser from liability should the drawer (the person the check is originally from) doesn't pay. It removes the endorser from secondary liability normally associated with endorsing a check. Only accept such an instrument if you're reasonably certain the original check writer can and will pay.
What does without recourse to sick leave mean?
Not allowed to take sick leave, or to use the quota of days that are otherwise allowed for sick leave.
Must you be airborne qualified to be assigned to the 82nd division?
That answer would be no. A soldier without jump status who has been assigned to an airborne unit is considered a "LEG" or "straight leg".
What is Force planning?
Planning that provides a force presence without permanently assigned forces
What is a standard commercial risk?
A standard commercial risk is a financial risk. It is a risk assumed by a seller when extending credit without any collateral or recourse.
