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:

Response To Stimuli

The process by which organisms detect and react to changes in their internal and external environment.

Homeostasis

The maintenance of stable internal conditions within an organism despite changes in external conditions.

Dependent Variables

Variables in scientific experimentation that are affected by independent variables, used to measure the outcome of an experiment.

Independent Variables

Variables in an experiment that are manipulated to observe their effect on the dependent variable.