Many Businesses See Tort Lawsuits as a Nuisance at Best

question 13

True/False

Many businesses see tort lawsuits as a nuisance at best and ruinous at worst,and would like to see them disappear altogether.

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Definitions:

Individual Circumstances

Specific conditions or factors unique to a person's situation or case.

Indorser

A person who signs a negotiable instrument, such as a check, over to someone else, thereby making the recipient the legal owner of the document.

Secondary Liability

Legal responsibility of a third party for acts of another when that party has indirect involvement or benefits from the wrongful acts.

Without Recourse

A term indicating that the holder of a financial instrument cannot demand payment from the originator if the primary obligor defaults.