Indorsers of negotiable instruments are primarily liable for payment of the instrument.

Name: Indorsers of negotiable instruments are primarily liable for payment of the instrument.
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Quizplus · Accepted Answer

Indorsers of negotiable instruments are secondarily liable; the primary liability rests with the maker or acceptor of the instrument. Indorsers become liable only if the primary party defaults and proper notice of dishonor is given to them.

Indorsers of Negotiable Instruments Are Primarily Liable for Payment of the Instrument