A party who is/has ________ for an instrument must pay the amount on the instrument if the primarily liable party defaults?
A) transfer liability
B) primarily liable
C) maker liability
D) recognized liable
E) secondarily liable
Correct Answer:
Verified
Q33: The term _ occurs when a holder
Q34: Which of the following is true regarding
Q35: If the party that dishonors an instrument
Q36: A holder must present a check within
Q37: A _ is a person who signs
Q39: A(n) _ party is a party who
Q40: When a party signs a(n) _, the
Q41: As defined in the UCC, under which
Q42: Which of the following is the most
Q43: Which of the following is not a
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