Examlex
Which of the following is an example of an allergen?
Secondarily Liable
Liable for paying the amount designated on an instrument should the primarily liable party default.
Primarily Liable
The state of being the first or main party responsible for fulfilling a liability or obligation.
Dishonor
In financial contexts, it refers to the refusal or inability to pay a bill of exchange, promissory note, or other negotiable instrument when due.
Warranty Liability
Liability that is attributed when the transfer of an instrument breaches a warranty associated with an instrument.
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