primary liability

primary liability
The liability of the person who, by the terms of the instrument of obligation, is absolutely required to pay the same. 11 Am J2d B & N § 525. The liability of a maker or principal, as distinguished from that of a guarantor, indorser, or other person under secondary liability. Winkle v Scott (CA8 Mo) 99 F2d 299. The liability of personal property, left by a decedent, for his debts before resorting to real estate, left by him, for the satisfaction of such obligations. 23 Am J2d Desc & D § 137. The liability of a person causing an injury to another who because of his relation to the injured person and the legal obligation to such person should bear the responsibility in damages rather than another person also liable to the injured person but under a different relationship and different character of legal obligation. Builders Supply Co. v McCabe, 366 Pa 322, 77 A2d 368, 24 ALR2d 319; Schaefer v Fond du Lac, 99 Wis 333, 341.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • primary liability — see liability 2b Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • primary liability — legal responsibility of one who accepted an obligation …   English contemporary dictionary

  • liability — li·a·bil·i·ty /ˌlī ə bi lə tē/ n pl ties 1: the quality or state of being liable 2: something for which one is liable: as a: a financial obligation: debt tax liability the bonds …   Law dictionary

  • primary — pri·ma·ry 1 / prī ˌmer ē, mə rē/ adj 1: of first rank, value, or importance 2: belonging to the first group or order in successive divisions, combinations, or ramifications pri·mar·i·ly /prī mer ə lē/ adv primary 2 n pl …   Law dictionary

  • stockholder's primary liability — The liability of a stockholder directly to a creditor of the corporation under former statutes, such liability attaching immediately upon the contracting of the debt by the corporation. See stockholder s liability …   Ballentine's law dictionary

  • liability — The word is a broad legal term. Mayfield v. First Nat. Bank of Chattanooga, Tenn., C.C.A.Tenn., 137 F.2d 1013, 1019. It has been referred to as of the most comprehensive significance, including almost every character of hazard or responsibility,… …   Black's law dictionary

  • liability — The word is a broad legal term. Mayfield v. First Nat. Bank of Chattanooga, Tenn., C.C.A.Tenn., 137 F.2d 1013, 1019. It has been referred to as of the most comprehensive significance, including almost every character of hazard or responsibility,… …   Black's law dictionary

  • primary — First; principal; chief; leading. First in order of time, or development, or in intention. As to primary conveyance primary election primary obligation primary vein, see those titles @ primary activity Concerted action such as a strike or… …   Black's law dictionary

  • primary obligation — An obligation imposed by law in consequence of a person s voluntary undertaking, or by the law on the ground of public policy or utility; as, for example to perform one s contract or to refrain from committing a trespass. See 8 Harvard L Rev 200 …   Ballentine's law dictionary

  • primary franchise — The franchise of corporate existence; the result of a grant of special privileges to the incorporators which enables them to act for certain designated purposes as a single individual and exempts them unless otherwise specially provided, from… …   Ballentine's law dictionary

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