Examlex
What reasons account for the lower adoption rate of amendments proposed by initiative petitions?
Cut-off Hour
A specific time by which transactions or actions must be completed to be processed on the same day, commonly used in banking.
Secondarily Liable
A legal obligation that falls onto a party only after the primary liable party fails to fulfill their liability.
Universal Defenses
Legal defenses that can be invoked regardless of the specifics of the contract or transaction in question, often relating to factors like fraud or duress.
Personally Liable
Being personally responsible for fulfilling the obligations of a debt or liability, not limited to the resources of a business or corporation.
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