To borrow the money to buy a car, megan signs a note "payable to the order of purchase financing." olaf cosigns the note to guarantee the repayment of the loan. olaf’s liability on this note is:________

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25-07-2022
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To borrow the money to buy a car, megan signs a note "payable to the order of purchase financing." olaf cosigns the note to guarantee the repayment of the loan. olaf’s liability on this note is:________

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smecloudbird18 smecloudbird18 · Answer 1 · 2022-08-06T13:56:18+02:00

Olaf’s liability on this note is secondary. When one person accepts legal responsibility for another party's actions, this is known as secondary liability. When one party encourages, facilitates, contributes materially to, or is otherwise liable for the infringing activities committed by the other party, secondary liability results.

Copyright and other intellectual property rights, including trademark and patent infringement, are frequently subject to secondary responsibility. Vicarious liability and contributory liability are the two main categories of secondary liability. Both awareness of the infractions and tangible contributions to them are necessary for the contributory culpability. The agency doctrine recognizes the vicarious liability.

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