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Statistical studies in which researchers do not control variables of interest are
Secondarily Liable
Liable for paying the amount designated on an instrument if the primarily liable party defaults.
Signature Liability
Liability attributed because of a party’s signature on an instrument.
Consideration Requirement
A legal principle that an agreement must involve a bargain or exchange of value between the parties to be enforceable.
Holder in Due Course
A party who has acquired a negotiable instrument in good faith and for value, thus having certain protections against defenses and claims that could be raised by prior parties.
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