A person may be held liable on a negotiable instrument even if that person has not signed the instrument.

Question

Quizplus · Accepted Answer

The concept of liability on a negotiable instrument is not limited to the person who has signed the instrument. Other parties may also be held liable, including those who have endorsed the instrument or guaranteed the payment. This allows for the transferability and flexibility of negotiable instruments in commerce.

A Person May Be Held Liable on a Negotiable Instrument