A Party Who Is Primarily Liable on an Instrument Must

question 47

True/False

A party who is primarily liable on an instrument must pay without resorting to any other party.

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Definitions:

Industrial Nations

Countries that have a developed industrial base and a significant level of economic activity in the manufacturing sector.

Developing Nations

Countries with a lower standard of living, underdeveloped industrial base, and lower Human Development Index relative to other countries.

Illegal Immigration

The act of residing in a country without the legal permission of its government.

Complementary Inputs

Inputs that are used together in production, such that the decrease in the price of one input increases the demand for the other input.