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Callie asks Jenna if she wants to play tag with a group of her friends. Jenna joins the group of children. The children decide on the rules for tag and as they play they make sure that each child is following the rules. This informal, child-initiated game of tag is likely taking place _____.
Note
A written promise or obligation to pay a specified sum of money to a specified person at a specified time.
Secondary Liability
Secondary liability refers to a legal obligation that arises not from direct involvement in a wrongful act, but from a failure to properly oversee or control the primary party responsible, or from benefiting from the act.
Negotiable Instrument
An official paper that assures the delivery of a particular monetary amount, which can be demanded at any moment or at an agreed-upon time, identifying the person who will make the payment.
Default
The failure to fulfill an obligation, especially the failure to make payments on a loan.
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