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LSDefine

Simple English definitions for legal terms

secondary party

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A quick definition of secondary party:

A secondary party is someone who is not primarily responsible for a legal document, like a guarantor or someone who signs a negotiable instrument. This means that if the primary party fails to fulfill their obligations, the secondary party may be held responsible instead.

A more thorough explanation:

A secondary party is a term used in commercial law to refer to a party who is not primarily liable under an instrument. This means that they are not the main person responsible for fulfilling the obligations of the agreement.

For example, a guarantor is a secondary party because they are not the primary borrower, but they have agreed to pay back the debt if the borrower defaults. Another example is the drawer or indorser of a negotiable instrument, such as a check or promissory note. They are not the person who will ultimately pay the amount due, but they are responsible for ensuring that the instrument is valid and can be cashed.

These examples illustrate the definition of a secondary party because they show that these parties are not the primary obligor in the agreement, but they have some level of responsibility or liability. They are secondary to the primary party, who is the main person responsible for fulfilling the obligations of the agreement.

secondary obligation | secondary picketing

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18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
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