a. Discuss primary liability on a note; on a check.
b. What is secondary liability? What must be done before a person with secondary liability can be sued? Who has secondary liability on a note? Who has secondary liability on a check?
c. How does contractual liability on the instrument differ from warranty liability?

Question

a. Discuss primary liability on a note; on a check. 
b. What is secondary liability? What must be done before a person with secondary liability can be sued? Who has secondary liability on a note? Who has secondary liability on a check? 
c. How does contractual liability on the instrument differ from warranty liability?

Quizplus · Accepted Answer

The Answer of a. Discuss primary liability on a note; on a check. 
b. What is secondary liability? What must be done before a person with secondary liability can be sued? Who has secondary liability on a note? Who has secondary liability on a check? 
c. How does contractual liability on the instrument differ from warranty liability?

A Discuss Primary Liability on a Note; on a Check