Qualified indorsers and agents that properly sign a negotiable instrument are not primarily or secondarily liable on the instrument.
Correct Answer:
Verified
Q10: An accommodation party who pays an instrument
Q11: An unauthorized signature may be ratified.
Q12: A check,which is a special form of
Q13: Unqualified indorsers have no liability on negotiable
Q14: The location of a person's signature on
Q16: A party can incur contract liability on
Q17: Before a party can be held secondarily
Q18: Certification of a check by the drawee
Q19: A qualified indorser will incur secondary,rather than
Q20: Unqualified indorsers must pay any dishonored instrument
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