Examlex
When the real rate of interest is less than the nominal rate of interest,then:
Secondary Indorsers' Liability
Refers to the legal responsibility that falls on endorsers who sign a document or contract after the primary signer, particularly in financial transactions.
Negotiates
The process of discussing something formally to reach an agreement or compromise.
Pays
Refers to the act of giving money in exchange for goods, services, or to fulfill an obligation.
Representative Capacity
Acting on behalf of another person or entity, holding the authority to make decisions, enter agreements, or perform actions for them.
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