Common use of Liability of the Merchant Clause in Contracts

Liability of the Merchant. 24.1. The Merchant hereby warrants that every customer, on whose account a debit is drawn, will have signed an authority for the customer’s bank to debit or credit such customer’s account accordingly, and the Merchant acknowledges that there is no onus or obligation on the customer’s bank, or any other person, to ensure that the amounts and/or account numbers on entries submitted under such authority are in fact correct.