[I'm, Ron Burgundy?]

Can someone please give me a quick wrap up on the difference between the two?

i.e. When an endorser signs “without recourse” they are waiving Contract Liability but not Warranty Liability.

So, what’s being waived and what is not? Why?

"If you're going through hell, keep going"
- Winston Churchill

"I've missed over 9,000 shots in my career. I've lost over 300 games. 26 times I've been trusted to take the game winning shot, and missed. I've failed, over and over and over again in my life. And that is why, I succeed."
- Michael Jordan

BEC: (54), (72), 80 (losing credit on 02/02/15 - nervous)
AUD: 78
REG: (74), 91
FAR: (71)