A Party Who Is Primarily Liable for an Instrument Must

question 86

True/False

A party who is primarily liable for an instrument must pay without resorting to any other party.

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Definitions:

Vandalism

The intentional and malicious destruction, damage, or defacement of property without the consent of the owner.

Community Property

A legal framework in some states dictating that property acquired during a marriage is owned jointly by both spouses.

Land Acquired

Refers to the purchase or obtaining ownership of land or property.

Real Property

Land and anything permanently attached to it, such as buildings and structures.