Every party who signs a negotiable instrument is potentially liable for payment of that instrument when it comes due.

Name: Every party who signs a negotiable instrument is potentially liable for payment of that instrument when it comes due.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Each party who signs a negotiable instrument, such as a check or promissory note, is potentially liable for the payment of that instrument upon its maturity, depending on their role (e.g., maker, drawer, endorser) and the terms of the instrument.

Every Party Who Signs a Negotiable Instrument Is Potentially Liable