Examlex
What is the "back to the city" movement? How successful has it been and whom does it involve?
Primary Liability
The obligation to pay a debt or fulfill a contractual obligation first, before any secondary parties are called upon.
Indorsers
Individuals who sign their names on the back of negotiable instruments, like checks or promissory notes, transferring their rights to another party.
Accommodation Maker
A person who signs a loan instrument to help someone obtain credit but who has no direct benefit from the loan.
Liable
Subject to legal obligation, where an individual or entity is responsible for fulfilling certain duties or compensating for harm caused to others.
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