Liability for the amount of the instrument as soon as it is issued and required to be paid as soon as the instrument is presented for payment is

Question

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Primary liability refers to the obligation of the party primarily responsible for the payment of the instrument's face value upon its presentation. This includes issuers of promissory notes or checks, who are obligated to pay the amount specified in the instrument when it is presented for payment.

Liability for the Amount of the Instrument as Soon as It