A party to a negotiable instrument is primarily liable if he or she has agreed to pay the negotiable instrument.

Name: A party to a negotiable instrument is primarily liable if he or she has agreed to pay the negotiable instrument.
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Question

Quizplus · Accepted Answer

Primary liability means that the party is directly obligated to pay the negotiable instrument. If a party has agreed to pay the negotiable instrument, they are considered primarily liable.

A Party to a Negotiable Instrument Is Primarily Liable If