Which of the Following Is a Type of Liability Arising

question 18

Multiple Choice

Which of the following is a type of liability arising on an instrument when the transfer of the instrument breaches a warranty associated with the instrument?

• A) Warranty liability
• B) Payee liability
• C) Signature liability
• D) Primary liability
• E) Secondary liability

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Definitions:

Research

The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

Community Psychologists

Experts in psychology focusing on community-based issues and interventions to promote psychological health and social cohesion.

Positive Sense

An optimistic or affirmative attitude or interpretation towards a situation or piece of information.

Treble Damages

A legal principle that allows a court to triple the amount of damages awarded to a plaintiff in order to punish the defendant for particularly harmful behavior.