The obligation of the maker is owed:
A) to a person entitled to enforce the instrument.
B) only to holders of the instrument.
C) even to indorsers who have not paid the instrument pursuant to their indorser's liability.
D) only to a nonholder in possession of the instrument.
Correct Answer:
Verified
Q6: The terms of the contract of the
Q7: Warranties do not depend on presentment,dishonor,and notice
Q9: A nonindorsing transferor makes all five transfer
Q11: If a person has been negligent in
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Q15: A drawee has no liability on a
Q16: A material change in a negotiable instrument
Q17: If a drawee bank mistakenly paid a
Q17: A person who is primarily liable has
Q19: Liability on a negotiable instrument:
A)can arise only
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