Examlex
Which of these can best help shareholders monitor the behavior and decisions of management?
Multiple Endorsements
Refers to the practice in banking and finance where a document, such as a check, is signed over to another party multiple times.
Liable
Being legally responsible for something, typically referring to obligations in law.
Primary Liability
The direct and immediate responsibility to fulfill an obligation or repay a debt, without necessarily having recourse against others for reimbursement.
Secondary Liability
Secondary Liability refers to the legal responsibility of a third-party for the actions of another, such as a parent company being liable for the actions of its subsidiary.
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