List the Various Categories of Application Software

question 77

Essay

List the various categories of application software.

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Definitions:

Negotiable Instruments Liability

Legal accountability related to documents that promise payment to the bearer or named party, such as checks or promissory notes.

Primarily Liable

Refers to the main party responsible or legally obligated to fulfill a duty or pay a debt.

Secondarily Liable

Refers to a party's indirect responsibility to fulfill an obligation if the primary party fails to do so.

Proper Presentment

Proper Presentment is a legal term referring to the formal presentation of a negotiable instrument, like a check, to the party liable on the instrument, for payment or acceptance.