Examlex
The Big Five factor showing the least cross-instrument agreement is Openness.
Primarily Liable
Refers to the party who has the main responsibility to fulfill an obligation or debt in a legal agreement.
Secondarily Liable
Refers to the responsibility that falls on a party only after the primarily liable party has failed to fulfill their obligations.
Accommodation Maker
An individual who signs a loan document as a guarantor without receiving any of the loan proceeds, promising to pay the debt if the principal borrower fails to do so.
Primarily Liable
Being directly and foremost responsible for a legal obligation or debt.
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