A(n)________ is a person who signs a negotiable instrument for the purpose of adding his or her name and liability to another party to the instrument.
A)fiduciary
B)indorser
C)accommodation party
D)drawee

Question

Quizplus · Accepted Answer

An accommodation party is a person who signs a negotiable instrument for the purpose of lending her credit to another party to the instrument but is not a direct beneficiary of the value given for the instrument.

A(n)________ Is a Person Who Signs a Negotiable Instrument for the Purpose