Bass signs a note "payable to the order of Credit Bank." Unless Bass has a valid defense against payment, his liability on this note is

Name: Bass signs a note "payable to the order of Credit Bank." Unless Bass has a valid defense against payment, his liability on this note is
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Quizplus · Accepted Answer

Bass's liability on the note is primary because, as the signer of a note payable to the order of a specific entity (in this case, Credit Bank), he is the primary party responsible for payment.

Bass Signs a Note "Payable to the Order of Credit