An acceptor is secondarily liable to all subsequent holders of an instrument.
Correct Answer:
Verified
Q1: A drawer's liability does not arise until
Q10: A drawer is not liable on a
Q11: A signature may be typed.
Q12: Dishonor occurs if payment of an instrument
Q12: The dishonor of an instrument relieves secondary
Q13: Dishonor occurs when proper presentment of an
Q14: An authorized agent may be personally liable
Q17: An unauthorized signature never binds the person
Q19: Signature liability extends to any person who
Q20: A drawer is primarily liable on an
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents