The Type of Liability That Occurs Based on a Person

question 15

Multiple Choice

The type of liability that occurs based on a person signing a negotiable instrument is referred to as which of the following?

• A) Warranty liability
• B) Payee liability
• C) Signature liability
• D) Primary liability
• E) Secondary liability

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Definitions:

Positive Evaluation

The act of assessing something favorably, highlighting its strengths and merits often in a subjective manner.

Performance Evaluation

The systematic process of assessing an individual’s job performance and productivity in relation to established criteria and organizational objectives.

Punctuality

The characteristic of being able to complete a required task or fulfill an obligation before or at a previously designated time.

Social Desirability Bias

The tendency of respondents to answer questions in a manner that will be viewed favorably by others, often leading to inaccuracies in self-report measures.