When it is not possible to determine the status of the signer of an instrument,which of the following is the general rule?
A) The party is considered the drawer.
B) The party is considered the endorser.
C) The party is considered the maker.
D) The party is considered the acceptor.
E) The party is considered an accommodation party.
Correct Answer:
Verified
Q4: If an accommodation party pays a note
Q21: If the party that dishonors an instrument
Q22: Which of the following is a party
Q23: Which of the following is true regarding
Q24: What is the name of the party
Q26: After notice of dishonor is received,how long
Q27: Which of the following is true regarding
Q28: When a party signs a negotiable instrument,which
Q29: Which of the following must occur for
Q30: To hold an endorser secondarily liable on
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