If a Third Party Incurs a Secondary Liability for a Debt,he

question 94

True/False

If a third party incurs a secondary liability for a debt,he has given a(n)___________.
a. indemnity
b. guarantee
c. obligation
d. debt
e. easement

---

Definitions:

Rule Of Reciprocity

A social norm where individuals feel obliged to return favors or kindness received from others.

Social Exchange Theory

The idea that interpersonal relationships are governed by perceptions of the rewards and costs exchanged in interactions.

Economic Model

A theoretical construct representing economic processes by a set of variables and a set of logical or quantitative relationships between them.

Evolutionary Implications

The potential long-term effects or significances of evolutionary processes on organisms, behaviors, or traits.