Those Who Disclaim Liability and Are Not Secondarily Liable on Instruments

question 19

Multiple Choice

Those who disclaim liability and are not secondarily liable on instruments they endorse are referred to as ________.

• A) unqualified indorsers
• B) qualified indorsers
• C) agents
• D) accommodation parties

Discern the conditions under which contracts need to be in writing according to various legal stipulations.

Grasp the concept and implications of duress and undue influence in contract enforcement and rescission.

Comprehend the significance of express and implied warranties in sale transactions.

Understand the conditions and legal grounds for contract termination or rescission due to factors like impossibility of performance.

---

Definitions:

Clean Air Law

Refers to legislation aimed at reducing air pollution to protect environmental and human health.

Noncompliance

The failure or refusal to act in accordance with laws, regulations, or prescribed standards, often leading to legal penalties or other consequences.

Social Responsibility Strategy

A plan of action for how a company will operate ethically, sustainably, and contribute positively to society and the environment.

Carpal Tunnel Syndrome

a condition caused by pressure on the median nerve in the wrist, resulting in pain, numbness, and tingling in the hand and arm.