Unlike Primary Liability, Secondary Liability Is Conditional, Arising Only If

question 1

Multiple Choice

Unlike primary liability, secondary liability is conditional, arising only if the primarily liable party fails to pay. To which of the following parties does this condition apply?

• A) Forgers
• B) Warehousers
• C) Acceptors
• D) Makers
• E) Indorsers

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Definitions:

Weekly Goals

Objective or targets set to be achieved within the span of a week, commonly used in personal and professional planning to organize and prioritize tasks.

Token Economy

A behavioral modification technique that involves giving tokens as rewards for desired behaviors, which can later be exchanged for specific privileges or items.

Flooding

A psychological treatment method that exposes the patient to their feared objects or situations extensively and intensively.

Phobias

Irrational and overwhelming fears of objects, creatures, or situations, often leading to avoidance behavior.