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What is the "paradox of replication"?
Secondary Liability
Secondary Liability refers to the legal responsibility of a third-party for the actions of another, such as a parent company being liable for the actions of its subsidiary.
Party Authority
The legal power or capacity of a party to enter into a binding contract or agreement.
Act On Behalf
The action of representing or making decisions for someone else or another entity.
Drawer
The person who writes or drafts a negotiable instrument, such as a check, directing the bank to pay the specified amount to the party named in the document.
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