What Form of Liability Exists When a Party Is Only

question 89

Multiple Choice

What form of liability exists when a party is only responsible to pay on a negotiable instrument in case of default of the party who shoulders the obligation of liability for the instrument?

• A)Primary Liability
• B)Secondary Liability
• C)Accidental Liability
• D)International Liability

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Definitions:

Physiological Needs

Basic human requirements for survival, such as food, water, shelter, and sleep, situated at the bottom of Maslow's hierarchy of needs.

Water, Food, Shelter

Basic human needs essential for survival, including clean drinking water, adequate nutrition, and secure housing.

Consumer Journey Map

A visual representation of all the touchpoints a consumer comes into contact with before, during, and after a purchase.

Visual Representation

The use of images, diagrams, or animations to convey information or ideas to an audience.