The type of liability that occurs because a person signs a negotiable instrument is referred to as which of the following?
A) Warranty liability
B) Payee liability
C) Signature liability
D) Primary liability
E) Secondary liability
Correct Answer:
Verified
Q1: A party cannot be a holder in
Q4: If an accommodation party pays a note
Q21: Which of the following is a personal
Q23: After initially receiving notice of dishonor, when
Q24: A party who is _ liable is
Q25: Which of the following gives legal force
Q26: Which of the following is a type
Q27: Which of the following is a type
Q49: Which of the following does the UCC
Q54: Which of the following is the principle
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents