Examlex
Which one of the following is a benefit of global teams?
Accommodation Party
A person who signs a negotiable instrument for the purpose of adding his name and liability to another party to the instrument.
Lend Money
The action of giving money to someone with the expectation that it will be paid back in the future, possibly with interest.
Note
A written promise or obligation to pay a specified sum of money to a specified person at a specified time.
Secondary Liability
Secondary liability refers to a legal obligation that arises not from direct involvement in a wrongful act, but from a failure to properly oversee or control the primary party responsible, or from benefiting from the act.
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