________ is the term used for debts incurred in an initial contract.

A) Secondary promise
B) Primary promise
C) Primary obligation
D) First in time promise
E) Debtor's promise

Question

________ is the term used for debts incurred in an initial contract.A)  Secondary promiseB)  Primary promiseC)  Primary obligationD)  First in time promiseE)  Debtor's promise

student Lucille Vazquez · Accepted Answer

Final Answer : C, Explanation :  Primary obligation refers to the original debt or duty that arises from the initial agreement or contract. This term is used to distinguish the original, direct responsibility from any subsequent or secondary obligations that might arise.

________ is the term used for debts incurred in an initial contract.

A) Secondary promise
B) Primary promise
C) Primary obligation
D) First in time promise
E) Debtor's promise

Definitions

Learning Objectives

Learning Objectives

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