Which of the following is true?
A) The maker of a note has primary liability upon signing a note, but the drawer of a check does not have primary liability upon signing the check.
B) The maker of a note has primary liability upon signing the note, and the drawer of a check has primary liability upon signing the check.
C) The maker of a note has primary liability upon signing the note, and the drawee of a check has primary liability upon the drawer's signing of the check.
D) The drawer of check has primary liability upon signing the check, but the maker of a note does not have primary liability upon signing the note.
E) The maker of a note does not have primary liability upon signing the note, nor does the drawer of a check upon signing the check.

Question

Quizplus · Accepted Answer

The maker of a note has primary liability because they promise to pay the note according to its terms. The drawer of a check does not have primary liability because the drawee (usually a bank) is responsible for paying the check.

Which of the Following Is True