Examlex
When a toothpaste ad shows an ordinary, middle-aged male using a particular brand and claiming it is the best, the ad agency is using
Secondarily Liable
Responsibility or liability that kicks in when the primarily responsible party fails to fulfill their obligations.
Accommodation Party
A person who signs a negotiable instrument for the purpose of lending their reputation to someone else on the instrument, without direct benefit.
Negotiable Instrument
A written document that promises or orders the payment of a fixed amount of money, with the capability of being transferred to another party.
Presentment
The act of making a demand for the drawee to pay.
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