Examlex
Which of the following seas currently has back-arc spreading?
Primarily Liable
Refers to the party that bears the first or main responsibility for fulfilling an obligation or debt.
Secondarily Liable
Liable for paying the amount designated on an instrument if the primarily liable party defaults.
Signature Liability
Liability attributed because of a party’s signature on an instrument.
Consideration Requirement
A legal principle that an agreement must involve a bargain or exchange of value between the parties to be enforceable.
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