A Person Who Becomes a Party to an Instrument to Add

question 27

Multiple Choice

A person who becomes a party to an instrument to add strength to the instrument for the benefit of another party to the instrument is called a:

• A) benefactor.
• B) secondary obligor.
• C) collateral obligor.
• D) contingent beneficiary.

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Definitions:

Informal Role

A role or function assumed by an individual within a group without formal recognition or assignment, often based on the individual's personal qualities or actions.

A Norm

A standard or pattern of behavior that is typical within a specific group, community, or society.

Staff Development

Staff development involves activities and programs designed to improve the performance and abilities of employees in a work setting.

A Clique

A small, exclusive group of individuals characterized by shared interests or common goals, often leading to exclusionary behavior.