Which of the following is true of the obligations of a maker?
A) The maker of a promissory note is secondarily liable for payment of it.
B) He makes a conditional promise to pay a fixed amount of money.
C) The obligation of the maker is to pay the negotiable instrument according to its terms at the time he issues it.
D) The obligation of the maker is owed to an indorser,who is a person entitled to enforce the instrument.
Correct Answer:
Verified
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