₄₈_._A(n) _sign_s_a_n_instrumen_t_t_o_len_d_hi_s_credi_t_t_o_a_n_instrument_,_an_d_hi_s_liabilit_y_i_s_determine_d_b_y_th_e_capacit_y_in
Which he signs.

Name: 48 . A(n) sign s a n instrumen t t o len d hi s credi t t o a n instrument , an d hi s liabilit y i s determine d b y th e capacit y in Which he signs. A) indorser B) accommodation party C) authorized agent D) maker
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Question

Quizplus · Accepted Answer

An accommodation party signs an instrument to lend their credit to another party, and their liability is determined by the capacity in which they sign.