Which of the following definitions describes an aval of a bill or a note?
A) a person who has physical possession of a bill or note that is payable
B) a person who signs a bill or note as a surety and comaker
C) a person who endorses a bill or note as a guarantor of an endorsee
D) a person who signs a bill or note to lend his or her credit to another party
Correct Answer:
Verified
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